BOND/TAX CREDIT PROGRAM
• Overview
• Bond Allocation Lists
• Developer Portal Resources
• Placed-In-Service
• Policy Updates
• Evergreen Sustainable Development Standard
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Bond/Tax Credit Program Application

The Commission allocates multifamily tax-exempt volume cap bonds and the related 4% housing tax credits statewide for the development and preservation of affordable multifamily housing.

GUIDANCE AND RESOURCES

Visit the Preservation Application Materials page to apply for the 2026 Preservation Pilot.

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

For current allocation and pre-allocation lists, visit the Bond Allocation Lists page. Program allocation lists show prioritized project applications expected to receive an allocation.

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PROGRAM DOCUMENTS

2026 Preservation Pilot Policy Addendum and Application Materials

2026 Bond Cap Allocation Process + Application Timeline

2026 Bond/Tax Credit Program Policies (PDF)

2026 Program Policy Guidance (PDF)

2026 Bond/Tax Credit Program Policy Changes (PDF)

Program Contacts & Application Instructions (PDF)

King County Allocation Framework (PDF)

Total Development Cost (TDC) Limit Schedule (PDF)

APPLY FOR FINANCING

Find your application type to learn when and how to apply. View the program application instructions and download all applicable application materials below. Submit your application in the Multifamily Developer Portal.

King County Publicly Funded Projects that are prequalified through the coordinated King County public funders preallocation system submit on a rolling basis. Applications should be submitted no earlier than four months prior to the anticipated closing date.

New Construction Projects that are not participating in the King County public funders preallocation system, including all Balance of State projects, regardless of public funding, must apply through the annual competitive application round.

Preservation Projects statewide, limited to existing multifamily housing preservation, acquisition/rehabilitation, and re-syndication projects, apply using a separate Preservation application, available on the Preservation Pilot Application Materials page.

Public Housing Authority (PHA) Projects expected to be financed using bond cap through the Association of Washington Housing Authorities (AWHA) pipeline process should submit their tax credit application 60 days prior to the anticipated closing date.

PRE-APPLICATION

2026 Bond/Tax Credit Pre-Application Form

Total Development Cost (TDC) Limit Schedule

Waiver of the Total Development Cost Limits Form (Excel)

2026 GENERAL APPLICATION FORMS

The Preservation Pilot includes additional requirements and materials, and applicants should visit the Preservation Pilot Application Materials page for complete instructions and pilot-specific materials. All application materials must be submitted through the Multifamily Developer Portal.

1. Application Checklists (Excel)

2. Public Housing Authority (PHA) Requirements Checklist (Excel) – PHA Applicants only

3. Combined Funders Application (CFA):

a) CFA Forms (Excel)
b) CFA Sections (Word)

4. Bond/Tax Credit Addendum:

a)Bond/Tax Credit Application Forms (Excel)

5. Application Signature Form (DocuSign)

6. Evergreen Sustainable Development Standard (ESDS) Version 4.1

7. Certifications:

a) Certificate Regarding Financial Solvency and Litigation Status (PDF)
b) Resolution Granting Signature Authority for Corporations (PDF)
c) Consent Granting Signature Authority for Partnerships and LLCs (PDF)
d) Certification of Ability to Contribute Equity to the Project (PDF)
e) Evergreen Owner Certification (PDF)
f) Architect Certification of Gross Residential Square Footage (PDF)
g) Certification Regarding Acquisition Credit (PDF) – Required for Rehab

8. Community Revitalization Plan (CRP) - Submit only one of the following:

a) Washington State Urban Growth Boundary
b) Qualified Census Tract (QCT)
c) High or Very High on the Comprehensive Opportunity Index
d) Washington Tracking Network's Information by Location (IBL) Tool

9. Projects that are By and For the Community – Policies, Section 4.5*

a) Potential Tenant Engagement Response Form (now in Smartsheet)
b) Public Housing Authority (PHA) Applicants Only - Potential Tenant Engagement Response Form (Word)
c) CBO Preapplication Interview Questions (Word) – For reference only

*King County projects must score a minimum of 5 points and Balance of State projects must score a minimum of 4 points in Section 4.5. Public Housing Authorities should refer to the PHA Bond/Tax Credit Program Thresholds for this requirement.