Public Housing Authority 4% Tax Credit Program

The Commission partners with the Association of Washington Housing Authorities (AWHA) to create a shared project pipeline and establish program thresholds. This partnership ensures the timely allocation of available bond cap to public housing authority projects.

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

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Program Documents

• Bond Cap Request Form
• 2026 Bond/Tax Credit Program Policies (PDF)
• Program Contacts & Application Instructions (PDF)
• Policy Addendum "A" - Requirements for Public Housing Authorities (PDF)
• Public Housing Authority (PHA) Requirements Checklist (Excel)
• Application Checklist (Excel)
• Potential Tenant Engagement Response Form - PHA Applicants Only (Word)
• Volume Cap Recycling Form (Word)

Request Bond Cap

To request for Bond Cap and be added to the housing authority projects pipeline, submit a Housing Authority Bond Cap Request Form by December 1 of the year prior to an expected allocation. Regularly provide updates on 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 and PHA Requirements Checklist through the Multifamily Developer Portal at least 60 days before the expected closing date. Be sure to include your subsidy layering review request (if applicable) with the application. All program materials and instructions can be found on the Bond/Tax Credit program application page.
• Include your subsidy layering review request with your tax credit application - Subsidy Layering Review
  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 with an existing Extended Use Agreement, the Commission must approve any changes prior to the submission of a full application. Please contact staff to schedule a meeting. Refer to the Bond/Tax Credit Policies for additional details.
• The Commission will issue the 42(M) and Bond Cap Transfer letters up to 30 days before the expected closing. Submit updated application forms, including any financing changes to Sojung Choi 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.