HomeMy WebLinkAbout010526 - Commerce awards more than $63 million for affordable homeownership projectsALERT: BE CAUTIOUS This email originated outside the organization. Do not open attachments or click on links if you are not expecting them.
Investment supports 621 affordable homeownership units
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Jan. 5, 2026
Commerce awards more than $63 million for affordable homeownership projects
Investment supports 621 affordable homeownership units
The Washington State Department of Commerce’s Homeownership Capital Programs is awarding $63,049,787 to 43 projects to create 621 first-time homebuyers across Washington.
The state funds are matched with $199,316,212 in additional public and private funds, a $3.16 to $1 ratio.
This investment supports the construction of affordable new homes, provides down payment assistance, and utilizes an affordability subsidy to create permanently affordable homes. The
funding will create 621 new first-time homeowner opportunities.
Funds were awarded across the state:
* Rural: 42% of funding
* Urban: 40%
* King County: 9%
* Statewide: 9%
Organizations are also dispersed geographically:
* Eastern Washington: 12 organizations received $13.5 million
* Western Washington: 27 organizations received $44.6 million
* Statewide: Four organizations received $5 million
One registered by-and-for organization received $2 million, and two tribal organizations received a combined $2.5 million.
View the full list of awards <https://links-2.govdelivery.com/CL0/https:%2F%2Fdeptofcommerce.app.box.com%2Fs%2Fswez9lpi2q05h3mldteqbon4t1s4rl3a%2Ffile%2F2093460313353/1/0101019b909c2496-940cc984-4015
-4eb4-b546-bc889615dc61-000000/gyhwL4px5h9WJmTD8-O4mNJcjzGtGxi0wXA7j-XHZZg=438>
Commerce received 77 applications <https://links-2.govdelivery.com/CL0/https:%2F%2Fdeptofcommerce.app.box.com%2Fs%2Fswez9lpi2q05h3mldteqbon4t1s4rl3a%2Ffile%2F2009010620896/1/0101019b909c2496-940cc984
-4015-4eb4-b546-bc889615dc61-000000/PKhPPPMnEaND3UZstIESB267pa6NkWc5x1R6nyDzAv0=438> from 48 organizations in response to its funding opportunity announcement in fall 2025.
Homeownership Capital Programs offer Housing Trust Fund funding to create homeownership opportunities for income-eligible first-time homebuyers. For more information about HTF funding
for first-time homebuyers, visit Housing Trust Fund Program webpage. <https://links-2.govdelivery.com/CL0/https:%2F%2Fwww.commerce.wa.gov%2Fmultifamily-rental-housing%2Fhtf%2F/1/0101019b909c2496-940
cc984-4015-4eb4-b546-bc889615dc61-000000/TT7ytG0i2-NmU_Gyaj99V8eagTSxatetEpebtCbZ_BQ=438>
Questions?
Contact Kaylie Gladwell at Kaylie.Gladwell@Commerce.wa.gov <mailto:Kaylie.Gladwell@Commerce.wa.gov> .
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