BOND/TAX CREDIT PROGRAM
• Bond Allocation Lists
• Application Materials
• Community-Based Organizations
• Developer Portal Resources
• Placed-In-Service
• Policy Updates
• Evergreen Sustainable Development Standard
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Bond/Tax Credit Program
Multifamily Tax-Exempt Bonds and 4% Housing Tax Credits help create affordable rental housing for working families, seniors, and people with special needs.
NEWS AND HIGHLIGHTS
New! July 8 Interested Parties Meeting material are available: Presentation Slides and Recording (Passcode: Y6@luJ1A) - 7/15/25
2025 Balance of State Bond Cap List - 5/23/2025
2025 King County Invitation to Apply List 2/14/25
2024 Balance of State Bond Cap Allocation List 4/15/24
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OVERVIEW OF THE PROGRAM
The Commission allocates multifamily tax-exempt volume cap bonds (“Bond Cap”) and the non-competitive, 4% housing tax credits statewide
for developers of affordable multifamily housing. Bond Cap is awarded to selected multifamily housing developers through a competitive
application process. Developers work with the Commission directly for both the bond issuance and related 4% tax credits.
The Commission also partners with the Association of Washington Housing Authorities (AWHA) to develop a shared pipeline and program thresholds,
resulting in the timely allocation of available cap to public housing authority projects also seeking 4% tax credits.
GENERAL PROGRAM DOCUMENTS
2025 Bond/Tax Credit Program Policies
Program Contacts & Application Instructions
King County Allocation Framework
Total Development Cost (TDC) Limit Schedule
APPLY FOR FINANCING
Find your application type to learn when and how to apply. View the program application instructions and visit the Bond/Tax Credit program application page to download program application materials. Application materials must be submitted in the Multifamily Developer Portal.
Seattle/King County projects are awarded bonds with tax credits in coordination with other local funding agencies using a tiered, pre-allocation system.
Balance of State (all counties except King) projects are awarded bonds with tax credits once a year through a competitive application process.
Public housing authority (PHA) projects anticipated to be financed with bond cap through the Association of Washington Housing Authorities (AWHA) pipeline process should submit their tax credit application 60 days prior to anticipated closing.
CONTACT US
Call us at 206-464-7139 or 800-767-4663 in WA or email AskUsMHCF@wshfc.org.