In December, the Department of Commerce announced $91.6 million in grants and loans for 46 affordable housing projects in communities throughout the state. Funds will create 2,423 units of affordable housing for low-income and special-needs residents, including people with chronic mental illness, homeless households and individuals, veterans, farmworkers, and first-time homebuyers.
These funds will help provide an estimated 2,326 multi-family rental units/beds and 97 new homes for first-time home buyers. Funding comes from the state’s Housing Trust Fund and the federal HOME and National Housing Trust Fund programs. Projects funded will accomplish the following:
- Support the creation of 897 housing units in Seattle, including 315 units for individuals experiencing homelessness;
- Support the creation of more than 200 housing units throughout Spokane, the Tri-Cities, and Walla Walla;
- Create 253 supportive housing units with case management services for people with chronic mental illness;
- Create 22 housing units specifically for veterans;
- Construct or preserve 508 housing units in rural parts of our state;
- Provide 97 home ownership opportunities through 10 projects across 17 counties;
- Help 32 individuals with developmental disabilities find safe and secure housing;
- Deliver 602 units for families with children;
- Leverage $683 million in other public, private, and charitable housing investments; and
- Represent the coordination of federal, state, and local funders with private business and charitable organizations.
Commerce received 81 applications in September 2019, requesting over $168 million to create 4,395 units, including 231 beds for shelters and/or group homes and 174 homes for first-time home buyers.
Next funding round opens June 2020
A call for Stage 2 funding applications for the remaining 2019-2021 biennial funds, as well as federal HOME and National Housing Trust Fund, will be released later in 2020.
Commerce will publish more information as it becomes available on its website and distribute via email. Subscribe to the Housing Trust Fund mailing list to stay up to date.