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BOND/TAX CREDIT PROGRAM
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Bond/Tax Credit Program

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

NEWS AND HIGHLIGHTS

New! View updated proposed changes for the 2024 Bond/Tax Credit Program - Updates are noted in redlines, which include minor revisions and clarifications. Further comments or feedback are due by Sept. 15th. 9/5/2023

New! Register here for the Interested Parties Meeting Sept. 6th at 10 am

New! View the Information Session Meeting Materials 8/15/23
August 9th Interested Parties Meeting Presentation
AND Recording
August 10th CBO Only Interest Parties Meeting Presentation

View proposed changes for the 2024 Bond/Tax Credit Program 8/4/23

View the 2024 Policy Updates Timeline

Visit the Multifamily Developer Portal Resources Page

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OVERVIEW OF THE PROGRAM

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.

QUESTIONS

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