The City of Seattle Office of Housing has officially opened its 2026 Rental Housing Production Notice of Funding Availability (NOFA), earmarking at least $110 million for the development and preservation of affordable rental units.
This includes full system replacements or recapitalization for projects reaching their 15-year milestone.
This requirement addresses the growing concern that new affordable developments often favor studio or one-bedroom configurations, which can inadvertently force low-income families out of the city limits in search of adequate space.
Most projects receiving city money will also need to secure Low Income Housing Tax Credits (LIHTC), which are the primary federal tool for financing affordable housing in the United States.
Furthermore, the emphasis on the 15-year recapitalization mark in the rehabilitation category shows a long-term commitment to the existing stock.
The City of Seattle Office of Housing launched its 2026 funding round, offering $110 million for rental production and anti-displacement projects.