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Affordable Housing Provider Loans

About the Program

If you develop affordable permanent or rental housing for lower income individuals and families, your organization may qualify for U.S. Department of Housing and Urban development (HUD) funds provided in the form of low-interest loans to help you with the purchase, rehabilitation or construction of affordable housing within the City of Tacoma.

The use of these funds in a project will require long-term affordability and income and rent restrictions apply to the units supported with federal funds.

In addition, the use of these funds will require long-term monitoring of the units and project as a whole by City staff.

At a minimum, an Annual Report will be required, along with on-going housing quality inspection.

Information on the City's funding priorities and federal regulations accompanying the use of these funds is provided below for your information.

 

Funding Opportunities

The 2018 Notice of Funding Availability (NOFA) and accompanying application materials will be available beginning July 13, 2018. The NOFA is a competitive application process in which private and non-profit housing developers can apply for financing to develop or preserve affordable housing for low-income Tacoma households.

 

Eligible activities include:

  • Construction of new multi-family rental housing made available to tenants earning 80% or less of Area Median Income adjusted for household size;
  • Rehabilitation of existing multi-family rental housing made available to tenants earning 80% or less of Area Median Income adjusted for household size;
  • Construction of new single-family housing which will be sold to first-time homebuyers earning 80% or less of Area Median Income adjusted for household size;
  • Rehabilitation of existing single-family housing which will be sold to first-time homebuyers earning 80% or less of Area Median Income adjusted for household size;
  • Homebuyer assistance to first-time homebuyers earning 80% or less of Area Median Income adjusted for household size; or
  • A combination of the activities listed above. 

Please contact Jacinda Steltjes at (253) 591-5221 for more information or to obtain application materials. The application period closes at 4 PM Friday, August 10, 2018.

 

Informational Documents

2015-2019 Consolidated Plan

2018 Affordable Housing NOFA Instructions

HOME 2018 Income and Rent Limits

CDBG 2018 Income Limits

Part 200 Uniform Administrative Requirements

Utility Allowances

Crime Prevention Through Environmental Design Program

HUD Relocation Notice to Seller Guideform

HUD Relocation Move In Notice Guideform

HUD Relocation Assistance Plan Guideform

HUD Relocation Eligibility Guideform

Income Policy

City of Tacoma Census Tract Map