HOMESITE MAP | SEARCH | CONTACT    Facebook

Public Housing Authority 4% Tax Credit Program

The Commission partners with the Association of Washington Housing Authorities (AWHA) to develop a shared pipeline and program thresholds, resulting in the timely allocation of available cap to housing authority projects also seeking 4% tax credits.

For recent program announcements, please visit the Bond/Tax Credit Program’s main page.

Want to receive updates in your inbox? Sign up here!

PROGRAM DOCUMENTS

Bond Cap Request Form

2024 Bond/Tax Credit Program Policies

Program Contacts & Application Instructions

Policy Addendum "A" - Requirements for Public Housing Authorities (PHAs)

Public Housing Authority (PHA) Requirements Checklist

Application Checklist

Potential Tenant Engagement Response Form - PHA Applicants Only

Volume Cap Recycling Form

REQUEST BOND CAP

To submit a request for Bond Cap and be placed on the PHA development pipeline list, submit a housing authority bond cap form by Dec. 1 of the year prior to an expected allocation. Provide regular updates related to project readiness and anticipated bond cap needs to the Association of Washington Housing Authorities (AWHA) and the Commission.

PRECLOSING CHECKLIST

Submit your 4% Tax Credit (42M) Application at least 60 days prior to expected closing in the Multifamily Developer Portal. Include your subsidy layering review request with your tax credit application. Find all program application materials on the Bond/Tax Credit program application page.

Include your subsidy layering review request with your tax credit application.

1. HUD SLR Guidelines for HCAs (PDF)
2. Appendix A SLR Checklist (PDF)
3. 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
4. Attachment A Rent Info & Project Summary (Word)
5. HUD Form 2880 (PDF)

For applicants considering a re-syndication of a project that has an Extended Use Agreement, the Commission must approve any changes in advance of receiving a full application. Please contact staff to arrange a meeting. See Section 3.13 in the Bond/Tax Credit Policies for more information.

The Commission will provide the 42(M) and Bond Cap Transfer letters up to 30 days prior to expected closing. Please submit updated application forms with financing changes to Yasna Osses with your request.

CLOSING AND RECYCLING

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 submit a Volume Cap Recycling Form if you know your bond cap is eligible for recycling. Contact Lisa Vatske if you have any questions about the Commission's recycling program.

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.

   

 
Home | About | ADA | CareersCommissioners | Contact UsEventsMy View Newsletter | Publications | Homeownership: Homebuyer Programs | Information for Lenders | Information for Real Estate Professionals | Information for Instructors | Multifamily Housing: 9% Housing Credit | Bond/Tax Credit | 501(c)(3) Housing BondsSpecial Programs: Energy | Farmer/Rancher | Nonprofit FacilitiesLand Acquisition Program | Property Managers: Asset Management and Compliance Information for Investors: Official Statements, Annual Reports, Interim Information |  Privacy Notice | Requests for Public Records
 
Washington State Housing Finance Commission 
1000 2nd Avenue, Suite 2700, Seattle, Washington 98104 | Phone: 206-464-7139 or 800-767-4663 | Fax: 206-587-5113 | Contact Us
©1998-2022 All Rights Reserved