Related Pages
- 4% Bond/Tax Credit Program
- Public Housing Authority (PHA) 4% Bond/Tax Credit Program
- Multifamily Developer Portal Resources
- Non-Profit Housing Bonds
- Energy Incentives For Housing
- Financing for Senior Housing
- Preserving Manufactured Housing Communities
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Multifamily Tax-Exempt Bonds and 4% Housing Tax Credits help create affordable rental housing for working families, seniors, and people with special needs.
News and Highlights
- New! 2026 Preservation Pilot Policy Addendum and Application Materials available. Applications due 8/17 by 12 PM - 7/28/2026
- New! 2026 Preservation Pilot FAQ - 4/17/2026
- New! 2026 Preservation Pilot Interested Parties meeting Slides and Recording (Password: zoomPassword!2026) - 4/9/2026
- The application deadline for New Construction projects has been extended to Monday 3/30 at 12 PM. - 3/19/2026
- 2026 King County Invitation to Apply List - 2/2/2026
- 2026 Bond Cap Allocation Information Session Recording and Presentation - 12/19/2025
- 2026 Bond Cap Allocation and Project Application Timeline. See the graphic timeline here and the new process here - 12/5/2025
- Updated Bond/Tax Credit Program Policies - Board approve 9.26.2025 here - 12/5/2025
- Program Policy Updates Approved by the Board - see the 2026 Bond-Tax Credit Program Policy Changes chart here! The full version of the policies will be posted soon. - 9/25/2025
- Bond Tax Credit Program Guidance is now available here - 9/25/2025
- July 8 Interested Parties Meeting material are available: Presentation Slides and Recording (Passcode: Y6@luJ1A) - 7/15/25
- 2025 Balance of State Bond Cap List - 5/23/2025
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Overview of the Program
The Commission allocates multifamily tax-exempt volume cap bonds ("Bond Cap") and the non-competitive, 4% housing tax credits statewide for developers of affordable multifamily housing. Bond Cap is awarded to selected multifamily housing developers through a competitive application process. Developers work with the Commission directly for both the bond issuance and related 4% tax credits. The Commission also 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 public housing authority projects also seeking 4% tax credits.
General Program Documents
- 2026 Bond/Tax Credit Program Policies
- Program Contacts & Application Instructions
- King County Allocation Framework
- Total Development Cost (TDC) Limit Schedule
Apply for Financing
Find your application type to learn when and how to apply. View the program application instructions and visit the Bond/Tax Credit program application page to download program application materials. Application materials must be submitted 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.
- New Construction Projects not participating in the King County public funders preallocation system, including all Balance of State projects (all counties except King), regardless of whether they are receiving public funds, apply through the annual competitive application round.
- Public housing authority (PHA) projects anticipated to be financed with bond cap through the Association of Washington Housing Authorities (AWHA) pipeline process should submit their tax credit application 60 days prior to anticipated closing.
Contact Us
Call us at 206-464-7139 or 800-767-4663 in WA or email AskUsMHCF@wshfc.org.