Housing trust fund

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded the Washington State Department of Commerce $4,255,055.41 under the Housing Trust Fund formula grant program on September 23, 2025, with a completion date of September 23, 2032. The funding supports the production, preservation, and rehabilitation of rental housing for extremely low-income and very low-income households across Washington state. Place of performance is Olympia, Washington. As a state administrative entity, the Washington State Department of Commerce distributes Housing Trust Fund resources to local governments, nonprofit organizations, and community-based organizations across Washington. Under the program's requirements, the recipient must submit an HTF allocation plan no later than August 16, 2026, commit all funds to projects within 24 months, and expend all funds within five years. Records documenting compliance must be maintained for five years beyond the required period of affordability.