BOND/TAX CREDIT PROGRAM
• Overview
• Bond Allocation Lists
• Policy Updates
• Placed-In-Service
• Evergreen Sustainable Development Standard
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Non Commission Bond/Tax Credit Program
To continue maximizing the use of bond cap, the Commission closely coordinates with the Association of Washington Housing Authorities (AWHA) and local public development authorities. Together, the issuing authorities queue a potential pipeline of projects that will need bond cap each year and coordinate the timely transfer of bond cap to meet demand.
Not an authorized issuer? Click here for the Bond/Tax Credit Program page.
Bond Cap Request Form
Due by month end of November of the year prior to an expected allocation.
• Bond Cap Request Form
• Application Process & Contact Information
Waiver of the Total Development Cost (TDC) Limits
Due at least 60 days prior to submitting your tax credit application.
• 2023 Total Development Cost Limits (PDF)
• Waiver of the Total Development Cost Limits (Excel)
Subsidy Layering Review Requests
Include your subsidy layering review request with your tax credit application.
Please refer to the below instructions and submit remaining items when completed to Dan Rothman.
• HUD SLR Guidelines for HCAs (PDF)
• Appendix A SLR Checklist (PDF)
• Update and submit the following forms from the tax credit application with any financing changes:
• Form 6A S&U Budget
• Form 8D 15-Yr Pro Forma
• Form 9B ID of Interest
• Attachment A Rent Info & Project Summary (Word)
• HUD Form 2880 (PDF)
Tax Credit Application Materials
Applications due at least 60 days prior to anticipated bond closing.
Submit online in the Multifamily Developer Portal.
Not sure what the Multifamily Developer Portal is? Visit our Multifamily Developer Portal Resources page.
C. 2023 Total Development Cost Limits (PDF)
D. Preapprovals
1. Waiver of the Total Development Cost Limits (Excel) (due 60 days prior to application submission)
E. Application:
1. Instructions
a. Application Instructions (PDF)
b. Application FAQs (PDF)
c. Application Checklist (Excel)
2. Bond/Tax Credit Addendum Forms (Excel)
3. Bond/Tax Credit Addendum Forms - Portfolio only (Excel)
4. Additional BINs Request Form (Excel)
5. Application Signature Page (DocuSign)
Please note: We are not requiring any documents related to the application to be notarized.
F. Certifications:
1. Certification Regarding Financial Solvency and Litigation Status (PDF)
2. Resolution Granting Signature Authority for Corporations (PDF)
3. Consent Granting Signature Authority for Partnerships and LLCs (PDF)
4. Certification of Ability to Contribute Equity to the Project (PDF)
5. Certification of BIPOC Board Composition
6. Evergreen Sustainable Development Standard (ESDS)
7. Certification Regarding Acquisition Credit (PDF)
G. Utility Incentive Form (PDF)
H. Community Engagement Response Form (Word)
I. Community Engagement Toolkits
1. Equitable Development Engagement Toolkit - Lindquist (PDF)
2. Community Engagement Toolkit (PDF)
J. Novogradac Income Averaging Spreadsheet (Excel)
L. Community Revitalization Plan
1. Washington State Urban Growth Boundary
2. Qualified Census Tract and Difficult Development Areas
3. Comprehensive Opportunity Index
4. Washington Tracking Network’s Information by Location (IBL) Tool
M. Washington State Public Housing Authority List
Post-Closing
Bond 101 & IRS Form 8038
Submit your Bond 101 and IRS Form 8038 within 1-2 weeks post-closing. Please contact Sojung Choi if you have questions about paying your bond cap transfer fee.
Housing Volume Cap Recycling
Please fill out the following form if you know your bond cap is eligible for recycling. Please contact Lisa Vatske if you have questions about the Commission’s recycling program.
• Volume Cap Recycling Form
QUESTIONS
Call 800-767-4663 (toll free in Washington State) or email us at AskUsMHCF@wshfc.org with questions about the policies or application requirements.