Affordable Homeownership Development Funding
Forecasted
Affordable Homeownership Development Funding supports Seattle housing developers and nonprofit administrators in creating permanently affordable ownership homes for low- and moderate-income households.
Funder: City of Seattle
Due Dates (Anticipated): January 2027 (NOFA/RFP response deadline)
Funding Amounts: Development loans up to $100,000 per one- or two-bedroom home and $130,000 per home with three or more bedrooms
Summary: Supports development of permanently resale-restricted affordable ownership homes for low- and moderate-income households in Seattle.
Key Information: Applicant teams must include an experienced stewardship organization with funded staff committed to the homes for at least 50 years.
Description
The City of Seattle’s Office of Housing (OH) provides development loans to help create permanently affordable, resale-restricted ownership homes. It works with local nonprofit program administrators and affordable homeownership developers to expand opportunities for low-income households to become homeowners. Resources may consist of funding alone or a combination of land and funding, offered through Notices of Funding Availability (NOFAs) and Requests for Proposals (RFPs).
The program supports Seattle’s broader goals of equitable housing investment, preventing displacement, and increasing opportunities for people to live in the city. Funded homes remain affordable through legally enforceable resale restrictions and long-term stewardship. This development funding sits alongside OH’s separate down payment assistance and foreclosure prevention loans, which help households purchase and retain their homes.
