Preserving Our Stock of Affordable Housing

On April 26, 2001, WSHFC and the Federal Home Loan Bank of Seattle (FHLB) entered into a partnership to preserve the stock of affordable housing in the state of Washington by widely distributing information about properties that may be available for purchase.

As a result of this partnership, WSHFC and the FHLB will work together to serve as a "clearinghouse" for information regarding affordable housing properties which are for sale in Washington or for which the owners are considering sale in the foreseeable future.

WSHFC will gather brief but specific property data, format it to a standardized form and communicate the information to the FHLB. The FHLB will disseminate the information to its member banks, its mailing list, and to others expressing an interest in the information. The intent is to bring potential buyers and sellers together. The process is not intended to replace real estate brokers or other professionals, but to expand the pool of potential buyers and lenders in the affordable housing industry. Neither the Commission nor the FHLB will act as an agent, nor are they responsible for finding a buyer for the properties.

Neither the Federal Home Loan Bank of Seattle nor the Washington State Housing Finance Commission makes any warranty as to the accuracy, completeness, reliability or timeliness of the information posted. Individuals and entities that receive information and contact the owner about a property for sale are not recommended or endorsed by the Commission or the FHLB. Owners are advised to do their own investigation of these individuals and entities.

If you own an affordable housing project with expiring affordability requirements and you are considering selling, now or in the future, please download, sign and return the letter below along with the completed Multifamily Property Listing. This letter states that you are interested in posting this information with the clearinghouse, are willing to field queries from individuals or organizations that may respond, and that you have provided the information list and have reviewed the data prior to publication. The Multifamily Property Listing contains the relevant information on the property to be posted with FHLB.

Please address your replies to:
Compliance and Preservation Division
Washington State Housing Finance Commission
1000 Second Avenue, Suite 2700
Seattle, WA 98104-1046

Are you interested in purchasing an affordable property? Visit the clearinghouse on the website of the Federal Home Loan Bank of Seattle. If you have questions regarding this program or the requirements for participation, please contact the Commission at 206-464-7139 or toll-free in Washington State 800-767-4663 or email us at askusCO@wshfc.org.

This page was posted on 02/04/2004.