The Washington State Department of Commerce is releasing funding opportunities for affordable multifamily housing operators and developers to preserve affordability in properties currently serving Washington communities.
Donor Name: Washington State Department of Commerce (WSMA)
State: Washington
County: All Counties
Type of Grant: Grant
Deadline: 04/17/2026
Size of the Grant: More than $1 million
Grant Duration: Grant Duration Not Mentioned
Details:
This Notice of Funding Availability and Solicitation of Applications (NOFA) is intended for applicants seeking funding for the preservation of affordable multifamily rental housing at risk of losing affordability due to expiration of use restrictions that otherwise require affordability including, but not limited to, United States Department of Agriculture (USDA) funded multifamily housing.
Funding Information
- The Washington State Legislature appropriated $50,000,000 from the State Building Construction Account – State in the 2025-2027 Capital Budget for Commerce to award for the preservation of affordable multifamily housing.
- State in the 2025-2027 Capital Budget is $48,500,000.
- MHU has elected to offer up to $10,000,000.
Eligibility Criteria
- Local governments
- Local housing authorities
- Nonprofit community or neighborhood-based organizations
- Federally recognized Indian tribes in the state of Washington
- Regional or statewide nonprofit housing assistance organizations.
For more information, visit WSMA.
