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Bond/Tax Credit Program

Multifamily Housing Bonds with 4% Low Income Housing Tax Credit provide access to bond and tax credit financing for affordable housing developers.

NEWS AND HIGHLIGHTS

New! Total Development Cost Limit Policy in 2022 & Beyond Presentation (PDF) 9/23/2021

2022 Summary of Points (PDF) 8/13/2021

Questions? Please contact us at askusmhcf@wshfc.orgTo be placed on our notification list, please send your name, organization, and email address to AskUsMHCF@wshfc.org with the Subject Line, "Notification List".

OVERVIEW

If more than 50% of a project is financed with tax-exempt Multifamily Bonds, the project may access the 4% Low Income Housing Tax Credit (LIHTC) without competing for an allocation of the 4% Tax Credit. However, during years when anticipated demand for Multifamily Bonds is expected to exceed availability, there will be competition for the bonds through an announced Bond Round. If such a Round is in effect. It will be noted on this page. Using bonds with tax credits allows developers to combine low interest rates on long term debt with a substantial equity contribution from an allocation of LIHTC. While LIHTC cannot be used with 501(c)(3) bonds, nonprofit developers can access LIHTC by forming a partnership with a for-profit tax credit investor and applying for Multifamily Bonds.

QUESTIONS

If you have questions about the Bond/Tax Credit Program or need assistance with the application, please call us at 206-464-7139 or 800-767-4663 in WA or email AskUsMHCF@wshfc.org.

     

 
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