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Bond/Tax Credit Program

Multifamily Housing Bonds with 4% Low Income Housing Tax Credit provide access to bond and tax credit financing for affordable housing developers.

NEWS AND HIGHLIGHTS

New! We held an application workshop on January 19th, 2022 at 1:30 PM. Click here for the presentation materials and here for the recorded presentation. 1/19/2022

New! The Bond/4% Tax Credit Multifamily Developer Portal is live! Register for an account to submit your application by March 9th. 1/4/2022

New! Check out our new Non Commission Bond/Tax Credit program page! 12/13/2021

The 2022 Bond/4% Tax Credit Application are due Wednesday, March 9, 2022 at noon 10/29/2021

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OVERVIEW

If more than 50% of a project is financed with tax-exempt Multifamily Bonds, the project may access the 4% Low Income Housing Tax Credit (LIHTC) without competing for an allocation of the 4% Tax Credit. However, during years when anticipated demand for Multifamily Bonds is expected to exceed availability, there will be competition for the bonds through an announced Bond Round. If such a Round is in effect. It will be noted on this page. Using bonds with tax credits allows developers to combine low interest rates on long term debt with a substantial equity contribution from an allocation of LIHTC. While LIHTC cannot be used with 501(c)(3) bonds, nonprofit developers can access LIHTC by forming a partnership with a for-profit tax credit investor and applying for Multifamily Bonds.

QUESTIONS

Call us at 206-464-7139 or 800-767-4663 in WA or email AskUsMHCF@wshfc.org.

     

 
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Washington State Housing Finance Commission 
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