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Eligible: Local Government, Nonprofits, Tribes

Apply by Apr 17, 2026

Apply now
Closed

$0 - $24,100,000

Applications Open for Affordable Multifamily Rental Projects – Preservation Funding Available

From WA Department of Commerce

Commerce is releasing funding opportunities for affordable multifamily housing operators and developers to preserve affordability in properties currently serving Washington communities. MHU has elected to offer up to $24,100,000 of the appropriated funds to projects already in the Housing Trust Fund portfolio (executed contract) and in need of funding to extend its useful life via this NOFA. Award announcements are anticipated in June 2026.

  • Overview

    • Type

      Grant

    • Title

      Applications Open for Affordable Multifamily Rental Projects – Preservation Funding Available

    • Source

      WA Department of Commerce

    • Federal or State

      State

    • Total Amount

      $24,100,000

    • Number of Awards

      Unspecified

    • Award Range

      $0 - $24,100,000

    • Cost Share

      No

    • Status

      Active

  • Topics

  • Eligibility

    • Audience

      Local Government, Nonprofits, Tribes

    • Eligibility

      Eligible Entities

      • Local governments
      • Local housing authorities
      • Nonprofit community or neighborhood-based organizations
      • Federally recognized Indian tribes in the state of Washington
      • Regional or statewide nonprofit housing assistance organizations

      Housing Preservation funding is available to current Housing Trust Fund contractors that want to make major building improvements, preserve existing units, and replace systems to maintain long-term property viability.

      Eligible Activities

      • Major building improvements
      • Unit preservation
      • System replacements for long-term property viability

    • Location

      WA

  • Application Process

    • Application Link

      Apply Now

    • Pre-Application?

      No

    • Requirements

      Housing Preservation Office Hours, Option 1: Tuesday, March 10, 2026 at 1:00 p.m. PT
      Housing Preservation Office Hours, Option 2: Tuesday, March 24, 2026 at 10:00 a.m. PT
      Application deadline: Friday, April 17, 2026 at 12 p.m. PT

    • Disbursement Method

      Unspecified

  • Important Dates

    • Application Close Date

      Apr 17, 2026

    • Application Close Time

      12:00 PM PST

  • Resources & Contacts

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