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Rapid Response Program
The Rapid Response Program was initiated by the Washington State Legislature to help eligible organizations react to market conditions that threaten affordable rental housing. This Program helps nonprofits to quickly acquire properties, including land, building or mobile home parks, for the preservation or development of affordable housing and community facilities. Properties must be located in rapidly gentrifying or redeveloping areas, or in communities with a significant low-income population that is threatened with displacement by such gentrification. These loans are not intended to pay construction or rehabilitation costs.
The Rapid Response Program has financed nine affordable housing projects, including providing funds to purchase two parcels in Seattle and assisting in three projects in Spokane. It has also helped to preserve two domestic violence shelters. Rapid Response earned a Program Excellence Award from the National Council of State Housing Agencies.
If you have questions about the Rapid Response Program, please contact Bob Peterson at 206.287.4454 or 800.767.4663 in WA or email Bob.Peterson@wshfc.org.