Bond/Tax Credit Program

Due to the current pending federal legislation regarding the tax code, the Commission is suspending our application and policy process until further notice. Please check here for updates. Thank you 11/30/2017

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


The dates of the first Bond/Tax Credit Application Round for 2018 will be announced in December, 2017. Please check here near that time or if you want to be placed on our notification list, send your name, organization, and email address to with the Subject Line, "Notification List". 10/30/2017


Sustainability Resources for Multifamily Housing 10/05/2017

2017 Bond/Tax Credit Policy (PDF) 09/26/2017

Housing Bonds with 4% Tax Credit Application (Excel) 08/30/2017

Second Round Bond 2017 Allocation List (PDF) 08/03/2017

Portfolio Addendum to Bond/4% Tax Credit Application (Excel) 05/17/217 Must be completed per site for ALL portfolio applications.

First Round Bond 2017 Allocation List (PDF) 01/05/2017

Questions? Please contact us at


Qualified Census Tracts and Difficult Development Areas (Effective July 1, 2016)

2016 Bond/Tax Credit Program Policies (PDF)

Multifamily Housing Bond Financing Policy (PDF)

Application Forms


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.

Information for bond lenders

What your lender will want to know (PDF)

Report on 2013 LIHTC Allocation and Activity in Washington State (PDF)

APPLICATION SCHEDULE: Projects Financed with Commission-Issued Bonds

Official Intent Declaration: In order for a developer to be reimbursed for expenses with bond proceeds, the Commission must issue a Official Intent Declaration (OID) to reimburse expenditures. The date the OID is signed by the Commission marks the period (60 days prior to the OID date) from which eligible costs may be reimbursed from the proceeds of tax-exempt bonds. If an applicant needs an OID prior to the submission of an application, the applicant should submit an OID Request Form (Excel) as soon as the sponsor intends to seek financing with Commission-issued bonds.

APPLICATION SCHEDULE: Projects Financed with Bond Issuer Other than the Commission

Applications for Bond/Tax Credit Program projects where the Commission is not the issuer of the bonds should be submitted 60 days prior to the date the 42(m) letter is needed.


If you have questions about the Bond/Tax Credit Program or need assistance with the application, please call us at 206-464-7139 or 800-767-4663 in WA or email


Home | About | CareersCommissioners | Contact UsEventsMy View Newsletter | Publications | Homeownership: Homebuyer Programs | Information for Lending and Real Estate Professionals | Multifamily Housing: 9% Housing Credit | Bond/Tax Credit | 80/20 Bonds | 501(c)(3) Housing BondsSpecial Programs: Energy | Farmer/Rancher | Nonprofit FacilitiesLand Acquisition Program | Property Managers: Asset Management and Compliance Information for Investors: Official Statements, Annual Reports, Interim Information |  Privacy Notice | Requests for Public Records 
Washington State Housing Finance Commission   Twitter Facebook
1000 Second Avenue, Suite 2700, Seattle, WA 98104 | Phone: 206-464-7139 or 800-767-4663 | Fax: 206-587-5113 | Contact Us |
©1998-2018 All Rights Reserved