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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

2023 Bond/Tax Credit Applications Due Wednesday, March 29, 2023 at noon.

All Applicants must submit a Notification of Intent to Apply Form for the 2023 Bond/Tax Credit Round by January 4, 2023 at noon.

 New! 2023 Bond/Tax Credit Policies 11/17/2022

 New! Notification of Intent to Apply Form 11/17/2022

Visit the new Multifamily Developer Portal Resources Page10/17/2022

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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.