Funding available for Homeownership Projects in Washington

The Department of Commerce is soliciting applications from affordable housing projects seeking funding in the 2024 funding cycle for Homeownership projects. Donor Name: Washington State Department of Commerce State: Washington County: All Counties Type of Grant: Grant Deadline: (mm/dd/yyyy) 09/24/2024 Size of the Grant: More than $1 million Grant Duration: Grant Duration Not Mentioned Details: This Notice of Funding Availability and Solicitation (NOFA) is intended for applicants seeking to create affordable housing units or otherwise undertake activities resulting in an increase of affordable housing stock in Washington State. Funding Information The following limits apply to all Homeownership applicants: Per Project: The maximum award per homeownership project is $4 million for new construction and $2 million for DPA and Affordability Subsidy. Geographic Categories Projects are grouped into one of three geographic categories to facilitate distribution of funds across the state in compliance with RCW 43.185A: 30% of funds to projects in Rural areas. These categories are:  Rural  King County  Urban (not King County)  Applications may be submitted for: down payment assistance revolving loan fund (RLF) self-help projects short-term production loans affordability subsidy for long-term or permanent affordable resale restricted programs (such as Community Land Trusts or deed restricted programs) any other Housing Trust Fund-eligible project types For more information, visit Department of Commerce.