Housing Trust Fund program soliciting applications for affordable housing projects
The Department of Commerce’s Housing Finance Unit announces Stage 2 Applications for new affordable housing projects seeking capital funding are now being solicited.
The 2019 Stage 2 Funding Round is intended primarily for applicants seeking to build new affordable housing units or to acquire existing housing to be converted to affordable housing.
Applications will be considered for:
- Multifamily rental and homeownership projects seeking capital financing from the Washington State Housing Trust Fund;
- Multifamily rental and homeownership projects seeking funding to implement ultra high-energy efficient (UHEE) elements designed to reach net-zero or passive house standards;
- Multifamily rental and homeownership projects seeking state match(es) of private charitable contributions;
- Multifamily rental projects seeking capital financing from the federal HOME and National Housing Trust Fund programs.
Applications are due to the Department of Commerce by noon on Sept. 18. Award announcements are anticipated in December 2019.
Please download and carefully review the 2019 Notice of Funding Availability (“NOFA”) for specific information regarding funding requirements and priorities, the process for submitting an application and dates of significance. The NOFA and application materials are also available on the Applying to the Housing Trust Fund website.
The Housing Trust Fund team held six application workshops over the last few weeks. The workshop slides are available to help our applicants with completing an application. To view the 2019 workshop slides, please visit here.
Existing Housing Trust Fund projects seeking funds for repairs or rehabilitation are encouraged to apply to the Housing Preservation Program. We anticipate a separate funding round to be released later this year for the Housing Preservation Program.
If you have questions about any of the information contained in this announcement or the NOFA, contact Sean Harrington at sean.harrington@commerce.wa.gov or (360) 725-2995 before Aug. 16.