Affordable Homeownership Development Funding
Seattle's Office of Housing funds nonprofit partnerships to create permanently affordable, resale-restricted homeownership opportunities for low- and moderate-income households.
Funder: City of Seattle
Due Dates (Anticipated): October 2026 (Full application / NOFA or RFP response deadline, projected)
Funding Amounts: Up to $100,000 per 1–2 bedroom unit; up to $130,000 per 3+ bedroom unit (amounts may be updated in 2024–2026 policies).
Summary: Supports the development of resale-restricted affordable homeownership in Seattle through loans and partnerships with nonprofit developers.
Description
The City of Seattle Office of Housing provides funding to support the development of permanently affordable, resale-restricted homeownership opportunities for low- and moderate-income households. Funding is made available periodically through Notices of Funding Availability (NOFA) and Requests for Proposals (RFP), supporting down payment assistance, foreclosure prevention, and development loans. The program is designed to increase homeownership opportunities and prevent displacement by ensuring long-term affordability of homes in Seattle.
Projects funded must create homes that remain affordable for at least 50 years, with resale restrictions and stewardship oversight to ensure ongoing compliance. Partnerships with experienced nonprofit developers and stewardship organizations are required. The program also supports technical assistance and encourages applicants to prepare in advance for the NOFA/RFP process.
