Funding Opportunities

2025 Notice of Funding Availability for Subsidies for Resale Restricted Homes 

The Seattle Office of Housing is offering funding to help developers create affordable homes for low-income families. This funding is available through a Notice of Funding Available (NOFA) and is focused on supporting developers in building or acquiring Resale Restricted Homes. These homes provide affordable homeownership opportunities that last for generations. 

Resale Restricted Homes can help families in many ways. They allow initial homeowners the opportunity gain stability and to build wealth. They're designed to stay affordable for future buyers (or what we call “permanently affordable”). When these homes are sold, the resale price is capped, so they’re always within reach for low-income families. 

This program offers developers a chance to make a lasting impact by creating affordable homeownership opportunities for families who need stability and a path to building equity in Seattle.  

Home Pricing and Buyer Requirements 

Homes funded through this program must have sale prices that are affordable to low-income families earning up to 80% of the area median income for at least 50 years. Developers who receive funding are responsible for selecting eligible buyers who meet all program requirements. 

Responsibilities for Applicants

If you’re a developer interested in this opportunity, you’ll need to meet specific qualifications, including:

• Affirmative Outreach and Support 
  You must actively reach out to and assist households facing barriers to homeownership. This includes families from diverse cultural backgrounds, people with disabilities, and those with language or other challenges.
• Experience 
  You must have experience in developing affordable homeownership housing and managing Resale Restricted Homes.
• Program Compliance 
  You must meet all NOFA rules and requirements to be eligible for funding. 

Key Deadlines and Information 

Development Loans for Resale Restricted Homes 

• Information session on April 18, 2025, at 9:30 a.m. Email for link.  
• Responses are due by  May 30, 2025, at 12:00 noon.
• Mandatory pre-application meetings must be scheduled by May 9, 2025. 

Short-Term Loans for Site Acquisition 

• Responses are accepted on a rolling basis.
• Mandatory pre-application meetings must be scheduled 15 business days before submitting your application. 

For more details, assistance, or to register for the information session, email Joy Hunt, Senior Homeownership Policy and Programs Specialist. 

Application Components 

2025 Resale Restricted Homes NOFA  
2025 Resale Restricted Homes Application 
2025 Resale Restricted Homes NOFA Excel Workbook 
HOA Addendum
LEC Addendum

Request for Proposals: Program Administration — Foreclosure Prevention Loan Program 

Funding for Program Administrators Only

 
Responses Due: May 12, 2025, by 5:00 p.m.

Background 

The Office of Housing (OH) is committed to fostering equitable communities and enhancing housing security in Seattle. Through initiatives like the Foreclosure Prevention Loan Program (FPP), OH aims to support low-income homeowners and prevent displacement. Originally included in the 2016 Seattle Housing Levy, the FPP continues its vital role with its recent inclusion in the 2023 Housing Levy. This Request for Proposals (RFP) seeks an administrator to oversee the program in accordance with administrative plans outlined in the Levy. 

Eligible Applicants 

OH invites proposals from qualified organizations capable of administering the City's Foreclosure Prevention Loan Program. Essential qualifications include a minimum of four years' experience in loan origination and servicing, as well as housing counseling services or established referral relationships with Seattle-area counseling agencies. The selected administrator must demonstrate expertise in reaching underserved populations, maintaining meticulous records, providing exceptional customer service, and adhering to fair lending laws and regulations. 

Funding Available 

The current funding allocation for this RFP stands at $300,000, subject to adjustment at OH's discretion. The primary objective of this initiative is to provide one-time financial intervention to eligible low-income homeowners facing foreclosure. Loans of up to $30,000 can be utilized to cover various housing-related expenses, thereby enabling homeowners to sustain their residency and communities while preventing disproportionate displacement, especially among homeowners of color. 
 
For inquiries, contact Amanda Sahali, Homeownership Programs Specialist, at amanda.sahali@seattle.gov.

RFP: Program Administration, Foreclosure Prevention Program