BOND/TAX CREDIT PROGRAM
• Overview
• Bond Allocation Lists
• Developer Portal Resources
• Placed-In-Service
• Policy Updates
• Evergreen Sustainable Development Standard
Want to be added to our mailing list?

Bond/Tax Credit Program Application

The Commission allocates multifamily tax-exempt volume cap bonds and the related 4% housing tax credits statewide for developers of affordable multifamily housing.

GUIDANCE AND RESOURCES

For recent program announcements, please visit the Bond/Tax Credit Program’s main page.

For current allocation or pre-allocation lists, visit the Bond Allocation Lists page. Program allocation lists show prioritized project applications expected to receive an allocation of bonds and related tax credits.

Want to receive updates in your inbox? Sign up here!

PROGRAM DOCUMENTS

2024 Bond/Tax Credit Program Policies

Program Contacts & Application Instructions

King County Allocation Framework

Total Development Cost (TDC) Limit Schedule

APPLY FOR FINANCING

Find your application type to learn when and how to apply. View the program application instructions and download all applicable application materials below. Submit your application in the Multifamily Developer Portal.

Seattle/King County projects are awarded bonds with tax credits in coordination with other local funding agencies using a tiered, pre-allocation system.

Balance of State (all counties except King) projects are awarded bonds with tax credits once a year through a competitive application process.

Public housing authority (PHA) projects anticipated to be financed with bond cap through the Association of Washington Housing Authorities (AWHA) pipeline process should submit their tax credit application 60 days prior to anticipated closing.

PRE-APPLICATION

1. Pre-Application Forms:

a) Total Development Cost (TDC) Limit Schedule
b) Waiver of the Total Development Cost Limits Form (Excel)

2024 GENERAL APPLICATION FORMS

The provided application forms below will generally be required for all applicants. View the program application instructions and download all applicable application materials below. Application materials must be submitted in the Multifamily Developer Portal.

1. Application Checklists (Excel)

2. Public Housing Authority (PHA) Requirements Checklist – PHA Applicants only

3. Bond/Tax Credit Application Forms (Excel)

4. Application Signature Form (DocuSign)

5. Evergreen Sustainable Development Standard (ESDS) Version 4.1

6. Utility Incentive Contact Form (PDF)

7. Owner Certifications:

a) Certificate Regarding Financial Solvency and Litigation Status (PDF)
b) Resolution Granting Signature Authority for Corporations (PDF)
c) Consent Granting Signature Authority for Partnerships and LLCs (PDF)
d) Certification of Ability to Contribute Equity to the Project (PDF)
e) Evergreen Owner Certification (PDF)
f) Certification Regarding Acquisition Credit (PDF) – Required for Rehab

8. Community Revitalization Plan (CRP) - Submit only one of the following:

a) Washington State Urban Growth Boundary
b) Qualified Census Tract (QCT)
c) High or Very High on the Comprehensive Opportunity Index
d) Washington Tracking Network's Information by Location (IBL) Tool

9. Projects that are By and For the Community – Policies, Section 4.5*

a) Potential Tenant Engagement Response Form (Word)
b) Public Housing Authority (PHA) Applicants Only - Potential Tenant Engagement Response Form (Word)

10. CBO Preapplication Interview Questions (Word) – For reference only

*King County projects must score a minimum of 5 points and Balance of State projects must score a minimum of 4 points in Section 4.5. Public Housing Authorities should refer to the PHA Bond/Tax Credit Program Thresholds for this requirement.