Washington Programs

Government Grants & Incentives for Real Estate Investors in Seattle

Seattle's high housing costs have driven aggressive affordable housing policies, including the Mandatory Housing Affordability program, the Seattle Housing Levy, and Washington State Housing Finance Commission's LIHTC program. The city's incentive stack is one of the richest on the West Coast.

14 designated tracts
Opportunity Zones
$2,190
Section 8 (2-BR)
LIHTC
Tax Credits Available
4
Local Programs

State Housing Finance Agency

Washington State Housing Finance Commission

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Public Housing Authority

Seattle Housing Authority (SHA)

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Local Programs

Seattle Government Incentive Programs

These programs are available specifically to investors and developers in the Seattle, WA market.

Mandatory Housing Affordability (MHA)

Seattle's inclusionary zoning policy requiring affordable units or in-lieu fees in new developments, generating significant housing trust fund revenue.

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Seattle Housing Levy

Voter-approved property tax levy generating $290M+ for affordable housing production and preservation over seven years.

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WSHFC LIHTC Program

Washington State allocates LIHTC credits through WSHFC, with King County projects receiving strong allocation.

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Multifamily Tax Exemption (MFTE)

12-year property tax exemption for projects that include 20-25% affordable units in designated urban centers.

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LIHTC Tax Credits in Washington

Low-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In Washington, credits are allocated by WSHFC.

How LIHTC Works

  • Dollar-for-dollar federal tax credit over 10 years
  • 9% competitive credits for new construction
  • 4% credits paired with tax-exempt bonds
  • 15-year compliance period for affordable rents

Washington Allocator

Credits are allocated by WSHFC through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.

View WSHFC LIHTC Program
Investor Tips

Why Invest in Seattle?

MFTE provides 12-year property tax exemption — massive savings on multifamily projects

Housing Levy generates $290M+ for affordable housing incentives

No state income tax amplifies returns on all investment types

Very high Section 8 payment standards ($2,190 for 2-BR)

Finance Government-Incentivized Properties in Seattle

FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Seattle.

DSCR Loans

Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.

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Bridge Loans

Short-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.

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Portfolio Loans

Finance multiple properties in Seattle's Opportunity Zones under a single loan structure.

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Frequently Asked Questions

Get Financing for Investment Properties in Seattle

Tell us about your Seattle investment plans. We'll match you with the best financing options within 24 hours.

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