BOND/TAX CREDIT PROGRAM
• Bond Allocation Lists
• Application Materials
• PHA Application Materials
• Placed-In-Service
• Policy Updates
• Evergreen Sustainable Development Standard
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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 have submitted a Notification of Intent to Apply Form by Feb 3, 2023 to apply.
New!
We held a Bond/Tax Credit Application Workshop! 3/10/2023
(b)
View the FAQs here (PDF)
(c)
View the session replay here (Zoom recording)
2023 Intents to Apply - List of Projects 2/10/2023
2023 Bond/Tax Credit Application12/19/2022
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.