Washington State Housing Finance Commission
The Washington State Housing Finance Commission (WSHFC) is a self-supporting, quasi-independent state agency dedicated to increasing affordable housing opportunities for Washington residents. Established in 1983, the Commission operates without relying on state general fund dollars, instead utilizing revenue generated from fees and investment income related to its financing programs.
WSHFC’s primary mission is to stimulate and support the construction, rehabilitation, and preservation of affordable housing for low- to moderate-income individuals and families. They achieve this through a variety of financial tools and programs, including:
- Tax-Exempt Bond Financing: The Commission issues tax-exempt bonds to provide below-market interest rates for developers building affordable rental housing. This is a crucial tool for incentivizing developers to create projects that include income-restricted units.
- Tax Credits: WSHFC administers the Low-Income Housing Tax Credit (LIHTC) program in Washington State. This federal program provides tax credits to developers of affordable housing projects, further reducing project costs and making them financially viable.
- State Housing Trust Fund: While the Housing Trust Fund is a separate entity, WSHFC plays a role in its utilization by often providing financing in conjunction with Trust Fund grants.
- Homeownership Programs: The Commission offers programs to assist first-time homebuyers with down payment assistance, mortgage credit certificates, and affordable mortgage loans. These programs aim to make homeownership accessible to individuals and families who might otherwise struggle to enter the housing market.
Beyond direct financing, WSHFC also engages in:
- Policy Advocacy: The Commission advocates for policies at the state and federal levels that support affordable housing development and preservation.
- Technical Assistance: WSHFC provides technical assistance and training to developers, non-profit organizations, and local governments on affordable housing finance and development best practices.
- Community Partnerships: The Commission collaborates with various stakeholders, including community-based organizations, lenders, and government agencies, to address housing needs in communities across Washington State.
WSHFC operates with an emphasis on leveraging private investment to maximize the impact of its public resources. By combining various financing tools and working collaboratively with partners, the Commission plays a significant role in addressing the critical need for affordable housing in Washington State, contributing to stronger communities and improved economic opportunities for its residents.
800×361 washington state housing finance commission state housing finance from statehousingagencies.com 
1200×675 washington state housing finance commission mortgages from medium.com 
770×1024 fillable washington state housing finance commission fax email from www.pdffiller.com 
980×653 washington state housing finance commission announced raising income from vathefairway.com 
1920×1080 washington state housing finance commission wshfc unveils enhanced from fisc.bondlink.com 
851×564 congratulations washington state housing finance commission from mortgageporter.com 
754×467 washington state housing finance commission case study street from www.jstreettech.com 
700×389 washington state housing finance commission wshfc designed from www.pinterest.com 
298×386 fillable wshfc washington state housing finance commission from www.pdffiller.com 
298×386 fillable wshfc exhibit washington state housing finance from www.pdffiller.com 
903×487 washingtons housing trust fund explained lynnwood today from lynnwoodtoday.com 
298×386 fillable wshfc sponsor forms washington state housing finance from www.pdffiller.com 
770×1024 fillable wshfc washington state housing finance commission usda from www.pdffiller.com 
768×576 homebuyer education washington state housing finance from studylib.net 
140×73 tacoma pierce couty affordable housing consortium home from www.affordablehousingconsortium.org 
950×500 growth step solving washingtons housing crisis from upforgrowth.org 
2300×420 housing reports washington state department commerce from www.commerce.wa.gov 
980×607 housing washington seattle housing washington conference from www.housingwa.org 
2560×1707 dhm research blog from www.dhmresearch.com 
960×640 wa housing center review ratings information from searchfrog.com.au 
