BOND/TAX CREDIT PROGRAM
• Bond Allocation Lists
• Application Materials
• Community-Based Organizations
• Developer Portal Resources
• Placed-In-Service
• Policy Updates
• Evergreen Sustainable Development Standard
Want to be added to our mailing list?
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! 2026 Preservation Pilot Policy Addendum and Application Materials available. Applications due 8/3 by 5 PM - 6/29/2026
New! 2026 Preservation Pilot FAQ - 4/17/2026
New! 2026 Preservation Pilot Interested Parties meeting Slides and Recording (Password: zoomPassword!2026) - 4/9/2026
2026 King County Invitation to Apply List - 6/12/2026
2026 Bond Cap Allocation Information Session Recording and Presentation - 12/19/2025
Want to receive updates in your inbox? Sign up here!
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
2026 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.
King County Publicly Funded Projects that are prequalified through the coordinated King County public funders preallocation system submit on a rolling basis. Applications should be submitted no earlier than four months prior to the anticipated closing date.
New Construction Projects that are not participating in the King County public funders preallocation system, including all Balance of State projects , regardless of public funding, must, apply through the annual competitive application round.
Preservation Projects statewide, limited to existing multifamily housing preservation, acquisition/rehabilitation, and re-syndication projects, apply using a separate Preservation application, available on the Preservation Pilot Application Materials page.
Public Housing Authority (PHA) Projects expected to be financed using bond cap through the Association of Washington Housing Authorities (AWHA) pipeline process should submit their tax credit application 60 days prior to the anticipated closing date.
CONTACT US
Call us at 206-464-7139 or 800-767-4663 in WA or email AskUsMHCF@wshfc.org.