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 — Homeowner Stabilization Services 

Funding for Organizational Program Administrators Only

Responses Due: June 24, 2025, by 5:00 p.m.

The Homeowner Stabilization Services program is a new initiative funded by the City of Seattle's Participatory Budgeting process. This program aims to help homeowners at risk of losing their homes stay in their communities. The program supports homeowners facing financial challenges like high repair costs, property taxes, and utilities. It focuses on strengthening homeownership in areas facing high rates of displacement. 
 
Funding will be awarded to organizations that can administer these services, with most funds going directly to benefit homeowners.

Who Can Apply 

The Office of Housing (OH) invites qualified organizations to apply for funding. To qualify, organizations must be able to manage the City’s Homeowner Stabilization Services program effectively and provide services that help homeowners stay in their homes. 
 
Eligible organizations must: 

• Serve communities at high risk of displacement.
• Have a proven track record of reaching underserved populations.
• Be skilled in recordkeeping, reporting, and delivering excellent customer service.  

Key Dates 

• RFP Published: June 3, 2025
• Response Deadline: June 24, 2025, by 5:00 p.m.
• Awards Announced: Early July 2025 

Background 

The Seattle City Council approved $3 million in February 2025 to launch the five-year Homeowner Stabilization Services program. This initiative is run by the Office of Housing and focuses on increasing homeownership stabilization in vulnerable communities. 
 
Funding will help homeowners earning up to 100% of the area median income (AMI) who struggle with essential costs like home repairs, property taxes, and utility bills. By providing this support, the program aims to ensure homeowners can stay in their homes and avoid displacement. 
 
The Office of Housing is dedicated to creating safe, affordable housing for Seattle residents of all income levels. This includes funding affordable rental housing and supporting homeownership opportunities through programs like this one. 
 
Funds awarded must be used by December 31, 2028, although this deadline may change at OH's discretion. 

Download the Homeowner Stabilization Services Funding Request for Proposals (RFP) here.

Contact 

For questions or more information, contact Amanda Sahali, Homeownership Programs Specialist: 

• Phone: (206) 684-0819
• Email: amanda.sahali@seattle.gov

Request for Proposals — Permanently Affordable Homeownership Development at 4735 Martin Luther King Jr. Way S. and 4853 Martin Luther King Jr. Way S. 

Responses Due: July 25, 2025, by 12:00 p.m. 

The Office of Housing (OH) is seeking proposals for the development of permanently affordable homeownership opportunities in the Rainier Valley. Requests for Proposals (RFPs) to develop two sites are being released in 2025, and the final site will be released in 2026: 

1. 4735 Martin Luther King Jr. Way S. – RFP released in 2025  
2. 4853 Martin Luther King Jr. Way S. – RFP released in 2025

These projects are part of the Rainier Valley Affordable Homeownership Initiative (RVAHI) and represent an ongoing strategy to expand homeownership opportunities, combat displacement, and support community-driven development. 

Key Dates 

• RFP Published: June 6, 2025
• Mandatory Pre-Application Conference: Schedule by July 11, 2025
• Proposal Responses Deadline: July 25, 2025, by 12:00 p.m. 

Development Opportunity  

Through partnership with Sound Transit, RVAHI offers City-owned, transit-accessible property for the creation of permanently affordable, for-sale homes. OH will provide both land and a development loan to the selected applicant to support ongoing affordability and homeowner success.  

• Minimum 50-year affordability requirement
• Targeting households at or below 80% Area Median Income
• Preference for proposals that extend affordability and include strong stewardship models 

Application Requirements

• Attend a mandatory pre-application conference (scheduled by July 11, 2025.)
• Submit one electronic application with required documentation by July 25, 2025, at 12:00 p.m.
• Include organizational and partnership information, project plans, stewardship strategy, marketing approach, budget, and other supporting documentation. 

For questions or more information, please contact Joy Hunt, Senior Homeownership Policy and Programs Specialist, at joy.hunt2@seattle.gov.  

Additional Documents

4735 MLK Materials:

• 4735 MLK Request for Proposals
• Development Budget Workbook
• RVAHI Checklist and Self-Certification
• HOA Addendum
• Limited Equity Cooperative Addendum
• 4735 MLK Phase 1 ESA
• 4735 MLK ALTA Survey
• 4735 MLK Geotechnical Engineering Report
   

4853 MLK Materials:

• 4853 MLK Request for Proposals
• Development Budget Workbook
• RVAHI Checklist and Self-Certification
• HOA Addendum
• Limited Equity Cooperative Addendum
• 4853 MLK Phase 1 ESA
• 4853 MK ALTA Survey
• 4853 MLK Geotechnical Engineering Report