BOND/TAX CREDIT PROGRAM
• Overview
• Bond Allocation Lists
• Developer Portal Resources
• Placed-In-Service
• Policy Updates
• Evergreen Sustainable Development Standard
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Preservation Pilot Application

In spring 2026, the Commission revised the allocation process for the Bond/Tax Program to create two distinct tracks, one for new construction, and one for existing multifamily housing including preservation, acquisition/rehabilitation, and re-syndication projects.

PRESERVATION PILOT PROGRAM POLICY & GUIDANCE

Preservation Pilot Applications due by 5pm on August 3, 2026

2026 Bond/Tax Credit Program Policies (PDF)

2026 Preservation Pilot Policy Addendum (PDF)

2026 Bond/4% Tax Credit Program Guidance (PDF)

Existing Tenant Engagement Guidelines (PDF)

In-Unit Cooling Guidance: Resources to Support Rehab Requirements (PDF)

2026 Preservation Pilot FAQ (PDF)

PRE-APPLICATION

Preservation Modification Request Form (Laserfiche Form) - For re-syndications only

Total Development Cost (TDC) Limit Schedule (PDF)

Waiver of the Total Development Cost Limits Form (Excel)

CBO Preapplication Interview Questions (Word) - For reference only

2026 REQUIRED PRESERVATION PILOT FORMS

Please review the Application Checklists, along with all applicable program policies and guidance to ensure your submission is complete. Download all required application materials below. All application materials must be submitted in the Multifamily Developer Portal.

1. Application Checklists - Preservation Pilot (Excel)

2. Combined Funders Application (CFA):

a) CFA Forms (Excel)
b) CFA Sections (Word)

3. Bond/Tax Credit Preservation Pilot Addendum (Excel)

4. Physical Needs Narrative Form (PDF)

5. Application Signature Form (DocuSign)

6. Evergreen Sustainable Development Standard (ESDS) Version 4.1

7. Utility Incentive Contact Form (Laserfiche Form)

8. Certifications:

a) Certificate Regarding Financial Solvency and Litigation Status (PDF)
b) Resolution Granting Signature Authority for Corporations (PDF)
c) Consent Granting Signature Authority for Partnerships and LLCs (PDF)
d) Certification of Ability to Contribute Equity to the Project (PDF)
e) Evergreen Owner Certification (PDF)
f) Architect Certification of Gross Residential Square Footage (PDF)
g) Certification Regarding Acquisition Credit (PDF) – Required for Rehab

9. Community Revitalization Plan (CRP) - Submit only one of the following:

a) Washington State Urban Growth Boundary
b) Qualified Census Tract (QCT)
c) High or Very High on the Comprehensive Opportunity Index
d) Washington Tracking Network's Information by Location (IBL) Tool

10. Existing Tenant Engagement Response Form (Laserfiche Form)

a) Existing Tenant Engagement Guidelines (PDF)
b) Tenant Engagement Toolkits:
    • Equitable Development Engagement Toolkit – Lindquist (PDF)
    • Community Engagement Toolkit – Futurewise (PDF)
    • Community Engagement Toolkit – HUD (PDF)
    • Frequently Asked Questions (PDF) – CBO and Developer partners

11. Subsidy Layering Review (SLR) – Required if applicable

a) HUD SLR Guidelines for HCAs (PDF)
b) Appendix A SLR Checklist (PDF)
c) Attachment A Rent Info & Project Summary (Word)
d) HUD Form 2880 (PDF)

12. Average Income Test (AIT):

a) Average Income Test Worksheet (Excel)
b) Average Income Test Election Owner Certification (PDF)

13. Overcoming Historic and Systemic Barriers – Policies, Section 4.4

a) Certification of BIPOC Board Composition (Word)

GENERAL BOND/TAX CREDIT PROGRAM RESOURCES

For recent program announcements, please visit the Bond/Tax Credit Program’s main page.

For current allocation and pre-allocation lists, visit the Bond Allocation Lists page. Program allocation lists show prioritized project applications expected to receive an allocation.

For more information about the policy update process, visit the Policy Updates page.

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CONTACT US

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