Funding available for new modular, homeless housing projects

The Department of Commerce Housing Finance Unit announced a stage 1 Notice of Funding Availability (NOFA). Funds are available for new modular affordable housing projects serving homeless-at-entry populations for a minimum of 50 years. Applications are due to the Department of Commerce by 5 pm on November 18.

The stage 1 applications received in response to this solicitation will assist Commerce in deciding how to award funds appropriated for modular housing projects in the 2019 Capital Budget (HB 1102, Section 1029(1)(b)). Commerce will not make funding decisions based on stage 1 applications.

Stage 1 applications will be used to create an informational list of modular affordable housing projects from eligible organizations that are seeking construction funding. These projects will provide affordable housing for a minimum of 50 years to those who are homeless-at-entry.

The Housing Trust Fund team held a webinar last month to discuss the proposed funding timeline, collect feedback on the draft NOFA, and host a Q&A. See the direct NOFA and application materials and visit Commerce’s website about applying to the Housing Trust Fund.

If you have questions about the NOFA, contact Commerce’s Ann Campbell, Underwriting and Project Development Supervisor at (360) 725-2983.