Commerce’s Community Reinvestment Program (CRP) is now accepting applications from organizations, lenders and tribes to assist people disproportionally experiencing wealth disparities with buying homes and building generational wealth.
Funding will support expanding affordable homeownership opportunities. This can include:
- Land acquisition loan program
- Capacity building for emerging community-based housing organizations
- Culturally responsive financial coaching
- Flexible mortgage products that help buyers become mortgage-ready faster
- Foreclosure remediation for people who own and live in their home
- Upgrades to homes that people own and live in that address health and safety needs
- Loan programs to create accessory dwelling units (ADU) or detached accessory dwelling units (DADU)
Eligibility
Commerce encourages applicants from who meet the minimum qualifications of this NOFO to apply. This includes:
- Federally recognized tribes with projects located within Washington
- Non-federally recognized tribal organizations’ nonprofit corporations (registered as a 501c3) with projects located in Washington
- By-and-for organizations
- This includes but is not limited to, organization operated by-and-for the Black, Latino, Native American, Asian, Native Hawaiian, and Pacific Islander communities
- Organizations who can demonstrate a collaborative on-going partnership with a by-and-for organization
- Applicants who are licensed or certified lenders
- Applicants who are working to become licensed or certified lenders
- Applicants who have two years of lending experience
For more details about the minimum qualifications, please read the CRP Housing NOFO (PDF) on Box.
Funding
There is approximately $15,338,050 in total funding for the project. Funding will be distributed across 12 regions throughout Washington.
Pre-proposal conference
A pre-proposal conference for organizations will be held on February 11, 2026 at 10:30 a.m. on Zoom. The conference will be virtual.
A pre-proposal conference for federally recognized tribes will be help on February 12, 2026 at 10 a.m. on Zoom. The conference will be virtual and not recorded.
Deadline
Applications are due Monday, March 16, 2026 at 3 p.m. PT.