We have updated our Privacy Policy and Terms of Use. By accessing or using this Website, you accept and agree to be bound by our Privacy Policy and our Terms of Use.
If you do not agree with our policies, do not access or use our website. Our Privacy Policy explains the types of information we may collect from you or that you may provide,
as well as our practices for collecting, using, maintaining, protecting, and disclosing that information.
Accept

Advocacy


Published on Nov 15, 2019

Housing Trust Fund accepting applications for multifamily housing preservation

Contact: Carl Schroeder, Shannon McClelland

The Housing Preservation Program helps ensure the long-term viability of the existing Housing Trust Fund (HTF) rental portfolio. The Washington State Department of Commerce is soliciting applications for $10 million in funding under the HTF Housing Preservation Program. Applications are due by noon on December 31.

This is a capital funding round for preservation at existing HTF multifamily rental properties. Eligible activities are as follows:

  • Capital building improvements (including all substantial above ground structures)
  • System replacement or major upgrade (e.g., HVAC, boiler, elevator, electrical, and plumbing)
  • Energy efficiency upgrades
  • Accessibility retrofits to bring the property into compliance with ADA/FFHA and Washington State Building Code
  • Fire sprinklers and fire safety to bring buildings into compliance with fire code
  • Other activities that add to the depreciable basis of a building. No more than twenty percent (20%) of the total requested cost of a project shall include materials with a useful life of less than ten (10) years (e.g., appliances, carpet, floor coverings, cabinetry, interior painting, etc.).
  • All work related to the proposed preservation project, reimbursable by the Housing Preservation Program, shall be completed by licensed third-party providers
  • If funds are used to leverage a refinance or loan restructure, the outcome of those preservation activities must result in substantial capital improvements to the property

Find the Notice of Funding Availability, FAQs, and application materials here.

If you have any questions or need assistance with applying, please review the frequently asked questions or contact the HTF Housing Preservation Program Manager, Angela Snow, at 360-725-2957 or at htfportfoliomgmt@commerce.wa.gov. Technical assistance is available until November 20.

  • Advocacy
  • Affordable housing

 

Recent articles


Related content

bill-iconAWC's bill tracker

Visit AWC’s bill tracker to learn about legislation with city impacts this year.

Copyright © 2018-2025 Association of Washington Cities