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Loan Closings

Once Office of Housing Rental Housing Program funds have been awarded borrowers will be required to meet a number of due diligence and other requirements prior to closing a loan. Please contact your assigned OH project manager for more information.

On typical projects, OH will require borrowers to document before loan closing that the project has:

  • obtained NEPA Environmental Clearance (if project is federally funded)
  • secured other financing sources acceptable to OH
  • obtained appropriate insurance for the project
  • received building permits
  • competitively selected contractor using an OH-approved process
  • signed a construction contract with a type and delivery method acceptable to OH
  • complied with the pre-construction procedural requirements of the Multifamily Rental Housing Program Residential Prevailing Wage Rate Policy
  • successfully incorporated Evergreen Sustainable Development Standards into design documents
  • satisfied recommendations noted in Project Evaluation Report
  • met all other funding conditions as specified in the Reservation Letter

Housing

Maiko Winkler-Chin, Director
Address: 700 5th Ave, Suite 5700, Seattle, WA, 98104
Mailing Address: PO Box 94725, Seattle, WA , 98124-4725
Phone: (206) 684-0721
Fax: (206) 233-7117
Housing@seattle.gov

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The mission of the Office of Housing (OH) is to create strong, healthy communities, prevent displacement and increase opportunities for people of all income levels to live in Seattle.