Funding
Community Frameworks Development Services navigates the complexities of federal, state, local and private funding sources and compiles financing packages for their clients. The Development Services team has helped its clients acquire project funding from the following sources.
Northwest Estates
Moses Lake, Washington
Federal
HOME and Community Development Block Grant (administered by local governments)
HUD 811 Capital Advance
HUD 202 Capital Advance
HUD project Transfer of Physical Assets
Other HUD programs (RHED, NSP, etc)
FHA Guaranteed Multi Family Loans
USDA Community Facilities Loan
USDA 514/516
USDA 515
USDA Rural Development Loan Transfer
9% Low Income Housing Tax Credit Equity
4% Low Income Housing Tax Credit Equity
McKinney Supportive Housing Program (administered by local governments)
State
Washington State Housing Trust Fund
Washington State Housing Finance Commission
Idaho IHFA HOME and other programs
Washington State Building Community Fund
Local
Document Recording Fee Revenue for housing and homeless programs (2060, 2163, etc)
Sales Tax Revenue dedicated to mental health and chemical dependency programs
County and City general and unrestricted reserve funding
Private
Community Frameworks Revolving Loan Fund
Federal Home Loan Bank
Tax Exempt Bonds
Private Bank Mortgages
Washington Community Reinvestment Association Loan Pool
Owner/Sponsor Equity
Private Foundations
Capital Campaigns
Community Giving
Interim Funding Sources
Impact Capital
Neighborhood Housing Services of America
Housing Assistance Council
Philanthropic and Non-Profit Lenders
AHP and challenge grants from FHLB of Seattle and Cincinnati
Enterprise Foundation Grants
Impact Capital predevelopment loans
Spokane Neighborhood Economic Development Association
Community Housing Capital (formerly NHSA-CDFI)
Operating and Service Subsidy Sources
HUD 202/811 Project Rental Assistance Contracts
HUD Section 8 Rental Vouchers
HUD McKinney Supportive Housing Program
Washington State Operating and Maintenance Trust Fund
Washington Families Fund
Washington State Emergency Shelter Assistance Program
County level document recording fee funding
County level sales tax revenue for mental health and CD programs
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