New funding opportunity to develop affordable housing now open
Housing Trust Fund NOFA #HFU-2021-06
The Department of Commerce is pleased to announce a new solicitation for projects seeking capital funding to develop affordable housing for people with low incomes in Washington state.
Applications will be considered for multifamily/rental housing projects utilizing capital financing from the Washington State Housing Trust Fund and the Bond/4% Low Income Housing Tax Credit program.
This NOFA is primarily intended for applicants seeking to build new affordable housing units that will increase the affordable housing stock in Washington.
Preservation and acquisition of existing housing are also eligible, but they are not the primary focus of this NOFA. Existing Housing Trust Fund projects seeking funds for repairs or rehabilitation are encouraged to apply to the Housing Preservation Program.
Deadline: Applications are due to the Department of Commerce by Noon Pacific Time on Feb. 16, 2022.
How to apply
Please download and carefully review the 2021 Bond/4% Tax Credit Notice of Funding Availability (NOFA). The document includes 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 webpage. Please note that several NOFAs are currently published on our website. This solicitation is NOFA #HFU-2021-06.
Training videos are available to help complete an application with the Housing Trust Fund program. Please visit the HTF Resources & Trainings webpage to access the videos.
Award announcements are anticipated for March 2022.
Questions?
If you have questions regarding this announcement or the NOFA, submit them to htfapp@commerce.wa.gov before the technical assistance period ends on Jan. 18, 2022.
Please include “Bond/4% Tax Credit NOFA #HFU-2021-06” in the subject line of your email.
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