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City of Vancouver hosts financing forum for Affordable Housing projects

Forum to be held Mon., Sept. 24 at the Hilton Vancouver

VANCOUVER — The city of Vancouver will hold a forum on Mon., Sept. 24 from 9 to 11:30 a.m. at the Hilton Vancouver (301 W. 6th St.) to discuss ways to utilize the Vancouver Affordable Housing Fund to increase the city’s supply of affordable housing.

“We encourage prospective Vancouver Affordable Housing Fund applicants and others interested in affordable housing development to attend,” said Community Development Program Manager Peggy Sheehan. “City staff will be available to talk about the affordable housing fund and answer zoning questions.”

City staff and local and statewide funders will talk about available financing and partnership opportunities, including:

  • Washington State Housing Finance Commission
  • Washington State Department of Commerce
  • Washington Community Reinvestment Association
  • Impact Capital
  • Vancouver Housing Authority
  • Clark County Department of Community Services
  • City of Vancouver Affordable Housing Fund
  • Community Foundation of SW Washington

To reserve a seat, please email Peggy Sheehan at [email protected]

The city is now accepting applications for $6.04 million in funding for housing construction, acquisition and rehabilitation. Grants are available for projects that preserve or create affordable housing for residents earning 50 percent or less of the area median income (approximately $36,650 for a family of four). Creative and out-of-the-box ideas are welcomed. Local government agencies, non-profit organizations, for-profit developers and individual property owners may apply.

Applications are due on or before Wed., Oct. 31 at 5 p.m.  The Vancouver City Council will determine what projects receive funding in January 2019.

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.

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