Homeownership
The Office of Housing (OH) supports low-income households to achieve the dream of homeownership - and to retain their homes once purchased - in a variety of ways. OH funds down payment assistance loans, foreclosure prevention loans and development loans for the creation of resale-restricted affordable ownership homes through partnership with local non-profit program administrators and affordable homeownership developers.
If you are a low-income homebuyer, please contact one of our partner homeownership organizations and learn whether you are eligible here. If you are housing developer please see any open requests for proposals or notice of funding available below. You can also sign up for Office of Housing News email list to learn of new opportunities when they become available.
Homeownership Development Funding
Below are available homeownership development funding opportunities. To learn more, please visit our Funding Opportunities page or sign up for our Office of Housing News email list to receive notice of future NOFA publications.
Request for Proposals — Affordable Homeownership Development
For Affordable Homeownership Developers Only
The City of Seattle Office of Housing (OH) is seeking proposals from qualified developers interested in acquiring a property situated at 1605 SW Holden Street, Seattle, WA 98106. Developers will facilitate the establishment of permanently affordable ownership housing at the site while ensuring ongoing affordability for all homes. Additionally, the project will support homeowner success and foster the development of neighborhood-oriented commercial uses at street level, in accordance with the site’s Neighborhood Commercial zoning.
This site was previously owned by Seattle City Light and operated as a substation known as “Dumar.” In December of 2015, the property was deemed surplus to the City’s requirements through Ordinance 124917. In December 2023, legislation passed (Ordinance 126961) approving the purchase and future transfer of the property by OH. There is notable and long-standing community interest in having the property developed as a mixed-use affordable homeownership project.
Proposals can be submitted by single organizations or by a partnership between organizations. Any proposed project must comply with all local, state, and federal rules and statutes necessary to obtain development permits and approvals. Any developer chosen will be obligated to comply with laws and ordinances concerning equal employment opportunity. Applicants are encouraged to submit creative proposals that address the objectives and evaluation criteria outlined in the RFP.
All applicants must attend a pre-application conference with OH staff before submitting their applications. These pre-application meetings must be scheduled and held on or before May 15, 2024. You may schedule a pre-application conversation by contacting Joy Hunt at joy.hunt2@seattle.gov.
All submission items must be received by OH by May 24, 2024, at 12:00 p.m. Any proposals received after the deadline will not be accepted or considered.
Appendices and Documents
1605 SW Holden St (Dumar) RFP
Proposal Checklist
Development Budget Workbook
2015 DOE NFA Determination for Dumar
Dumar Natural Drainage System 60% Plan Set
HOA Addendum
Limited Equity Cooperative Addendum