Funding available for Transit-Oriented Development of Affordable Housing in Washington

The Washington State Department of Commerce is committed to building communities by supporting the construction of affordable housing near transit in the state. Donor Name: Washington State Department of Commerce State: Washington County: All Counties Type of Grant: Grant Deadline: 07/15/2024 Size of the Grant: More than $1 million Grant Duration: Grant Duration Not Mentioned Details: Commerce is making $12.5 million in state funds available to eligible applicants via a newly posted Notice of Funding Availability (NOFA) by the Multifamily Housing Unit (MHU). The allocation strategy was rolled out through an Addendum to 2023 NOFA on December 14, 2023 in the following manner: Cohort 1: Streamlined application to eligible ” lookback” projects (21-23) Cohort 2: Supplemental application for eligible 2023 Applicants Decisions were made, and awards announced, for Cohorts 1 and 2 as of March 21″, 2024. As described in the Addendum, any funds not awarded to Cohorts 1 or 2 would be offered via a separate NOFA that would incorporate any changes made by the Legislature during the 2024 Session. These changes expanded the number of applicants eligible for Cohort 1 and 2, including a reduction in the minimum number of units and the expanded definition of TOD. Due to these changes made by the Legislature, this NOFA is released for Cohort 1 and 2 Applicants only. Only applicants that applied to one or more of the following funding rounds are eligible to submit to respond to this NOFA: HFU-2021-02 (Traditional HTF & Cottages) HFU-2021.05 (HOME and National Housing Trust Fund) HFU-2021-06 (Traditional HTF for BOND/4% Tax Credit Projects) MHU-2022-02 (Housing Trust Fund — Multifamily Rental Projects) MHU-2022-04 (HOME & National Housing Trust Fund) MHU-2023-01 (HOME & National Housing Trust Fund) MHU-2023-02 (Traditional HTF) MHU-2023-03 (HOME & National Housing Trust Fund). Funding Information The maximum TOD award per project is $5 million. For more information, visit WSDC.