City accepting applications for first-year Affordable Housing Fund grants

Press Release Date:
Friday, March 17, 2017
15 West Apartments in downtown Vancouver

The City of Vancouver will begin accepting applications for the first year of Affordable Housing Fund grants starting March 20. The City estimates up to $3.7 million in funding will be available this year.

Detailed application guidelines and a link to the online application will be available at www.cityofvancouver.us/affordablehousingfund on March 20. Applications are due on or before 5 p.m. Monday, May 15.

Funds are available for construction, acquisition and rehabilitation of multifamily rental housing located in Vancouver that benefit very low-income residents earning up to 50 percent of area median income (approximately $36,650 for a family of four). Local government agencies, non-profit organizations, for-profit developers and individual property owners may apply.

The Vancouver City Council will determine what projects receive funding later this summer.
 

Affordable housing forum April 11

The City will hold a forum on Tuesday, April 11 from 9 to 11:30 a.m. at the Hilton Vancouver (301 W. 6th St.) to discuss ways to leverage the Vancouver Affordable Housing Fund to increase the city’s supply of affordable housing.

City staff and local and statewide funders will talk about available financing and partnership opportunities. Prospective Vancouver Affordable Housing Fund applicants and others interested in affordable housing development are encouraged to attend.

To reserve a seat, please register online at http://bit.ly/AffordableHousingForum.

The Affordable Housing Fund was created when Vancouver voters approved Proposition 1 in the November 2016 general election. The passage of the proposition granted the City the ability to levy a property tax for the purpose of buying, building and preserving low-income rental housing and preventing homelessness through rental assistance and other housing services.

For more information about the Affordable Housing Fund, visit www.cityofvancouver.us/affordablehousingfund.

To request the application guidelines in another format or language, please contact Peggy Sheehan at 360-487-7952, TTY: 360-487-8602, WA Relay: 711, or by email at peggy.sheehan@cityofvancouver.us.


MEDIA CONTACT:
Peggy Sheehan, Community Development Program Manager
360-487-7952
 

Location
Hilton Vancouver
301 W. 6th St.
Vancouver, WA