Help shape our $50 million program to support affordable housing near transit
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sept. 29, 2023
*We need your input*
Help shape our $50 million program to support affordable housing near transit
The Washington State Legislature appropriated $50 million to the Department of Commerce to support transit-oriented affordable housing development. Half of the funds are made available by a donation from the Amazon Housing Equity Fund.
*Commerce is now gathering public input* on the proposed design of this new transit-oriented development funding program. Key points include:
* Transit locations are being defined as proximate to existing stations in operation. Future stations with a Record of Decision or under construction can be accepted.
* Housing projects in the development pipeline will be prioritized, including those requesting state funds in 2021 and 2022 and those with applications submitted in 2023.
* Standard Housing Trust Fund (HTF) policies concerning funding levels, prioritization for the most vulnerable populations, and compliance with the Evergreen Sustainable Design Standard (ESDS) will be maintained.
* Standard HTF underwriting guidelines will be utilized, as established in the HTF Handbook [ [link removed] ]
* Emphasis is placed on permanent housing (as opposed to transitional housing or shelter)
Read the proposed program description [ [link removed] ]
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Public presentation Oct. 23, 1 p.m.
To learn more, please join us for a public webinar on Monday, Oct. 23, 2023 at 1 p.m.
REGISTER [ [link removed] ]?(Zoom)
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*SUBMIT COMMENTS*
We are accepting public comments on the draft program guidelines *through Oct. 31, 2023 *two ways:
Answer a brief survey [ [link removed] ] (SmartSheet)
Submit comments via email <
[email protected]>
?
*Learn more about our funding*
View the updated?2023-25 Multifamily Housing Biennial Investment Strategy [ [link removed] ] for more information about how Commerce plans to administer the 2023-25 biennial capital funds dedicated to multifamily housing construction.
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