Eligible Entities
• Federally recognized tribes with projects located within Washington
• Non-federally recognized tribal organizations’ nonprofit corporations (registered as a 501c3) with projects located in Washington
• By-and-for organizations. This includes but is not limited to, organizations operated by-and-for the Black, Latino, Native American, Asian, Native Hawaiian, and Pacific Islander communities
• Organizations who can demonstrate a collaborative on-going partnership with a by-and-for organization
• Applicants who are licensed or certified lenders
• Applicants who are working to become licensed or certified lenders
• Applicants who have two years of lending experience
Commerce has the following agency goals:
• 10% participation by Minority Owned Business
• 6% participation by Women Owned Business
• 5% participation by Veteran Owned Business
• 5% participation by Small Businesses
Eligible Activities
Eligible activities can include but are not limited to:
• Land acquisition loan program
• Capacity building for emerging community-based housing organizations
• Culturally responsive financial coaching
• Flexible mortgage products that help buyers become mortgage-ready faster
• Foreclosure remediation for people who own and live in their home
• Upgrades to homes that people own and live in that address health and safety needs
• Loan programs to create accessory dwelling units or detached accessory dwelling units