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The Commission's Asset Management and Compliance Division monitors multifamily properties financed with tax-exempt bonds, low-income housing tax credit, and other public funding. 

Proposed Revisions to the Chapter 9 Property Transfers Policy for the 2020 Program Year

The Washington State Housing Finance Commission’s Asset Management and Compliance Division is proposing a change to its Tax Credit Compliance Procedures Manual, specifically Chapter 9—Property Transfers.

The Commission is proposing to change its policy regarding Property Transfers to require the Commission’s approval of a transfer by an Owner of the interest of any investor member/limited partner member of the ownership entity. As a part of this proposed change, the Commission will also require additional information to by supplied to the Commission as a part of the transfer request.

A redlined version of the proposed change can be found here.

We welcome your comments on this proposed change. Comments can be made electronically via email through this link or by email directed to Rich.Zwicker@wshfc.org. All comments received will be submitted to the Commissioners prior to the Public Hearing on this matter. At this time, it is anticipated that this change will be brought before the Commission at its August 22, 2019 Special Board Meeting that will take place in Vancouver, Washington.

Please note that the comment period closes on Friday, August 9, 2019.

If you have any questions regarding this matter, please contact Rich Zwicker, Senior Policy Advisor or Valeri Pate, Director, Asset Management and Compliance Division.