2023 Housing Trust Fund Multifamily Rental Projects – Washington

The Washington State Department of Commerce is soliciting applications for its Housing Trust Fund Multifamily Rental Projects.

Donor Name: Washington State Department of Commerce

State: Washington

County: King County (WA)

Type of Grant: Grant

Deadline: 09/18/2023

Size of the Grant: $158,753,110

Details:

This Notice of Funding Availability and Solicitation (NOFA) is intended for applicants seeking to undertake activities resulting in an increase of affordable housing stock in Washington State, or to preserve existing affordable housing stock through rehabilitation. Projects that receive awards as a result of this NOFA must execute a contract with Commerce and start construction by March 2025. Commerce reserves the right to extend this deadline in unique and unforeseeable circumstances.

For the purposes of this NOFA, Multifamily Rental Housing refers to a project intended to provide habitable space to more than one household (including single-person households). This can take any of the following forms:

• A single building consisting of two or more distinct units, each of which is inhabited by an unrelated household. This encompasses a continuum from duplexes to high rise apartment buildings;
• A set of at least two structures, initially constructed as housing for unrelated households, which is managed as a single functional unit. This includes single-residency houses that are owned and managed by a single entity;
• A building, or set of buildings, which by initial design or through adaptive renovations, is used to provide sleeping space to more than one single individual, with shared living, food preparation, and sanitary facilities. This includes shelters, dormitory-style housing (e.g. for seasonal farmworkers), and group home facilities.

Funding Information

The total funds awarded in 2023 will be determined by the readiness of the proposed projects to proceed to construction and the quality of applications. The maximum award per project is $5 million for Multifamily Rental projects.

• Multifamily Rental
  • The Washington State Legislature appropriated $163,663,000 in the 2023-2025 Capital Budget, of this $158,753,110 is available, using the “traditional” HTF competitive process to fund the following projects:
    • New construction, acquisition, or rehabilitation of affordable housing projects that serve and benefit low-income and special needs populations including, but not limited to, people with chronic mental illness or behavioral health conditions, farmworkers, people who are homeless, and people in need of permanent supportive housing
    • The department shall strive to invest at least 20 percent of the appropriation provided under this subsection with by and for organizations, as defined by the office of equity
• Projects Serving People with Intellectual and/or Developmental Disabilities (IDD)
  • The Legislature appropriated $25,000,000 in the 2023-2025 Capital Budget, of this $24,250,000 is available, using the “traditional” HTF competitive process to fund the following projects:
    • Affordable housing projects that serve and benefit low-income people with developmental or intellectual disabilities
• Apple Health and Home Capital (AHAH)
  • The Legislature appropriated $100,000,000 in the 2023-2025 Capital Budget, of this $92,150,000 is available, and $60,000,000 in the 2022 Supplemental Capital Budget, of this a balance $15,342,900 is available, to fund the following projects:
    • Construction of permanent supportive housing units or to acquire real property for quick conversion into permanent supportive housing units for individuals eligible for a community support service benefit through the Foundational Community Supports (FCS)
    • Eligible Activities: New Construction, Acquisition Only, Acquisition with rehab: adaptive reuse; redevelopment.

Geographical Areas 

MHU will continue evaluating projects based on the three geographic region categories of King County, Urban and Rural.

Eligibility Criteria 

• The organization submitting an application for funding must qualify as an eligible organization under RCW:
  • Local government
  • Local housing authority
  • Nonprofit community or neighborhood-based organization
  • Federally recognized Indian tribes in the state of Washington
  • Regional or statewide nonprofit housing assistance organization
• Eligible organizations are also required to be in compliance with the revenue and taxation laws, as applicable to the recipient, at the time the award is made
• Licensed facilities through Departments of Social and Health Services (DSHS) and Department of Health (DOH) such as adult family homes, assisted living facilities, medical facilities are not an eligible organization.

For more information, visit WSDC.