HOMESITE MAP | SEARCH | CONTACT   Twitter Facebook

Information for Single-Family Lending and Real Estate Professionals
 
Program Announcement

December 13, 2016
MCC Funds Available 12/15/2016

We are pleased to announce, as of December 15, 2016, the Commission will have $60 million available for MCC use. We expect the MCC program to be fully reserved by the end of February, 2017. At this time, the Commission does not anticipate receiving additional MCC credit for 2017 and will let you know if this situation changes.

The Commission will continue to strictly enforce the reservation policies from its manual. No reservation can be made until the borrower(s) completes a Commission sponsored homebuyer education seminar and has a fully executed purchase and sale agreement. If a loan is reserved and found in violation of Commission policy, staff will automatically cancel the reservation regardless of circumstances. If the Commission still has MCC credit available the lender can make a new reservation. If the Commission is out of MCC allocation, the borrower(s) will be placed on the “wait list” and might not receive an MCC.

Once the above allocation is fully allocated, the Commission will no longer accept reservations under this allocation. We will take a “Wait List” for funds that may come available due to cancellations.

The Commission appreciates your support and partnership and looks forward to working together to make affordable housing a reality for households in Washington State.

Please pass this announcement on to the staff at your lending institution involved in this program.

If you have additional questions please contact Corinna.obar@wshfc.org.

                 

 
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