BOND/TAX CREDIT PROGRAM
• Overview
• Bond Allocation Lists
• Application Materials
• Developer Portal Resources
• Policy Updates
• Placed-In-Service
• Evergreen Sustainable Development Standard
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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.
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PROGRAM DOCUMENTS
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
Potential Tenant Engagement Response Form - PHA Applicants Only
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.