WSHFC | 9% Housing Tax Credit Program 2016 Allocation List

WASHINGTON STATE HOUSING FINANCE COMMISSION 9% Housing Tax Credit Program 2016 Allocation List

King County Pool

TC# 16-23 16-11 16-08 16-12 16-13

Project Status APPROVED 6/23 APPROVED 2/25 APPROVED 3/24 APPROVED 4/25 APPROVED 3/24

Project Name University District Apartments -9% * Estelle Supportive Housing * Building 9 North Sunset Court Apartments Athene

Project Sponsor Bellwether Housing DESC Mercy Housing Northwest Renton Housing Authority Red Vines 1

King County Waiting List

16-21

Metro Pool

Burien Haus

Trillium Housing Services/MacDonald Ladd Developments

TC#

Project Status

Project Name

Preservation and Recapitalization Pool

NA

New Production

16-10

APPROVED 3/24

16-14

APPROVED 4/25

16-03

APPROVED 3/24

16-04

APPROVED 3/24

16-06

APPROVED 6/23

16-19

APPROVED 6/23

16-07

APPROVED 4/25

Meriwether Place The Meadow Valley Homeless Families (16-03) * Fr. Bach Haven III (16-04) 1 South Madelia Galena Apartments Eleanor Apartments

Project Sponsor

Columbia Nonprofit Housing Second Step Housing Catholic Housing Services of Eastern Washington Catholic Housing Services of Eastern Washington Community Frameworks Commonwealth Agency, Inc. Mercy Housing Northwest

Metro Waiting List

16-22

Grand Blvd

Trillium Housing Services/ MacDonald Ladd Developments

Non-Metro Pool

TC#

Project Status

Project Name

Preservation and Recapitalization Pool

16-01

APPROVED 3/24

YNHA Tax Credit VI (16-01)

New Production

16-09

APPROVED 3/24

16-17

APPROVED 4/25

16-16

APPROVED 4/25

16-18

APPROVED 4/25

Reliable Homes Colville Homes IV Prosser Senior Housing Mt. Angeles View Phase I

Project Sponsor

Yakima Nation Housing Authority

Reliable Enterprises Inc. Colville Indian Housing Authority Catholic Charities Housing Services Peninsula Housing Authority

Non-Metro Waiting List

16-05 16-15 16-20

The Bicycle Apartments LLC (previously Th Next Step Housing

Royal City Family Housing II

Genesis Housing Services

Connell Family Housing

Housing Authority of the City of Pasco and Franklin County

City Seattle Seattle Seattle Renton Kirkland

Burien

City

Vancouver Vancouver Spokane Valley Spokane Spokane Airway Heights Bellingham

Vancouver

City Wapato

Centralia Nespelem Prosser Port Angeles

Yakima Royal City Connell

County

Points Credit/Unit

King

172 $ 20,510

King

170 $ 16,826

King

162 $ 20,508

King

159 $ 18,102

King

158 $ 16,232

King County Credit Allocated

$

King County Credit Available:

$

Balance:

$

Credit Request $1,087,029 $1,531,211 $820,318 $905,082 $1,477,113 5,820,753 5,218,567 (602,186)

Total LowIncome Units 53 91 40 50 91 325

% of Low-Income Housing Units

30% 40% 50% 60%

AMI AMI AMI AMI

27

0

26

0

46

0

45

0

20

0

20

0

25

0

25

0

46

23

0

22

164 23 116 22

Farm workers

0

Units for Priority Populations

Persons

Large

with

Households Elderly Disabilities

8

8

10

91

8

91

18

Homeless 40 69

10 19 138

King

156 $

King Waiting List Balance:

19,365

$639,042 33

17

0

16

0

$13,458,372 499

252 46 157 44

0

33

7

8

215

35

167

County

Points Credit/Unit

Credit Request

Total LowIncome Units

% of Low-Income Housing Units

30% 40% 50% 60% AMI AMI AMI AMI

Farm workers

Units for Priority Populations

Persons

Large

with

Households Elderly Disabilities

Homeless

$

-

$0

0

0

0

0

0

0

Clark

169 $

Clark

169 $

Spokane

168 $

Spokane

168 $

Spokane

161 $

Spokane

159 $

Whatcom

159 $

Total Metro Credit Allocated:

Metro Credit Available:

Metro Balance:

20,957 16,153 16,831 20,601 20,947 15,959 19,110

$ $ $

$628,710 30

15

0

15

0

$484,590 30

15

0

15

0

$858,381 51

6

31 14

0

$1,030,058 50

5

30 15

0

$733,138 35

14

11

0

10

$1,181,000 74

30

0

44

0

$1,528,817 80

40

0

40

0

6,444,694 350

125 72 143 10

0

5,755,725

(688,969)

23

23

39

23

7

7

15

15

80

16

22

80

38

108

Clark

156 $

$

$

Metro Waiting List Balance:

20,882 -

$522,050 25

13

0

12

0

$13,562,318 529

208 72 239 10

0

5

5

42

160

74

108

County

Points Credit/Unit

Yakima

160 $

16,445 $

Lewis

167 $

Okanogan

157 $

Benton

153 $

Clallam

153 $

Non-Metro Credit Allocated:

Non-Metro Credit Available:

Non-Metro Balance:

19,927 20,955 15,453 20,044

$ $ $

Credit Request

Total LowIncome Units

% of Low-Income Housing Units

30% 40% 50% 60% AMI AMI AMI AMI

Farm workers

Units for Priority Populations

Persons

Large

with

Households Elderly Disabilities

Homeless

$1,447,148 88

36

27

0

25

1,447,148

88

36

27

0

25

0

18

18

18

0

18

0

$697,461 35

4

21 10

0

$984,881 47

19

15

0

13

$927,200 60

30

0

30

0

$1,262,776 63

26

19

0

18

5,319,466 293

115 82

40

56

0

4,910,531

(408,935)

26

18

18

60

12

10

10

46

60

58

26

Yakima

152 $

Grant

151 $

Franklin

150 $

Non-Metro Waiting List Balance:

16,933 18,973 19,629

$1,303,821 77

8

47 22

0

16

16

$1,574,728 83

9

50 23

0

17

17

$961,797 49

20

0

29

0

10

10

$3,840,346 209

37

97

74

0

27

27

0

16

16

Statewide Allocation Round Totals:

Total Project Applications: 22 Total Projects Above Line: 17

Total Credit Requested:** $

Total Credit Available: $

Statewide Balance:

$

* Credit allocated under the Qualified Nonprofit requirement of Section 42. ** Geographic Dispersion: No county was allocated more than 50% of the credit in its respective Geographic Pool; therefore, all counties may equally compete in the 2016 Tax Credit until 50% of 2016 Round credit is allocated.

*** Total Credit Requested = Total Credit Above the cutoff. Geographic Dispersion In compliance with 9% Policy, Section 5.2.7, Spokane must wait wait until 50% of 2017 Metro Pool is allocated before being awarded credit.

17,584,913 968

404 177 299 88

0

15,695,147

(1,889,766)

76

231

114

272

10/18/2016

Page 2

9% Housing Tax Credit Program Credit Summary

State Credit Authority 2016 Per Capita Credit (IRS Notice 2016-24)

Population 7,170,351

Per Capita

Rate 2.35 $

2016 National Pool Credit

$

Total 2015 Credit Authority for Geographic Credit Pool Division

$

Less 2015 Forward Commitment

Taken From Pools Below $

King County 35% of Total Credit Authority less 2015 KC fwd allocation of 2016 KC Credit less 2015 KC allocation of Metro Credit Hold Harmless plus KC Returned Credit Credit Allocated King County Balance

35%

$

$

$ $ $

Metro Credit 37% of Total Credit Authority Plus 2015 Metro Balance allocated to King County Plus 2015 Metro Balance allocated to Non-Metro Plus Remaining 2015 Metro Balance (2015 Unused Credit) less 2015 Metro FWD allocation of 2016 Metro Credit plus Metro Returned Credit Credit Allocated Metro Balance

37%

$

$ $ $ $ $

Non-Metro Credit 28% of Total Credit Authority less 2015 NM FWD allocation of NM Credit plus NM Returned Credit Credit Allocated Non-Metro Balance

28%

$

$

$

$

$

Statewide Accounting of 2016 Credit

Total 2015 Credit Authority for Geographic Credit Pool Division

$

2015 Unused Credit

$

2015 King County Forward Commitment

$

2015 Metro Forward Commitment

15-11 & 15-05

$

2015 Non-Metro Forward Commitment

$

Returned Credit from King County

$

Returned Credit from Metro Pool

$

Returned Credit from Non-Metro Pool

Credit Allocated to King County

$

Credit Allocated to Metro

$

Credit Allocated to Non-Metro

$

Balance of 2016 Credit

$

Qualified Nonprofit Allocations

Total 2016 Credit Authority for Geographic Credit Pool Division

$

2015 Unused Credit

$

Returned Credit from King County

$

Returned Credit from Metro Pool

$

Returned Credit from Non-Metro Pool

15-07 Totten Housing

$

Total 2016 Credit Authority for QNP Requirement

$

Credit Allocated to QNPs

$

Percent allocated to QNPs

Forward Commitment RAC's 2016

Athene

$

Eleanor Apartments

$

$

Credit 16,850,325

76,270 16,926,595

(1,231,448)

5,924,308 (705,741)

(5,820,753)

(602,186)

6,262,840

(507,115)

(6,444,694)

(688,969)

4,739,447 (18,592) 189,677

(5,319,466) (408,935)

16,926,595 -

(705,741) (507,115)

(18,592) -

(5,820,753) (6,444,694) (5,319,466) (1,889,766)

16,926,595 -

189,677 17,116,272

3,476,621 20%

1,477,113 1,528,817 3,005,930

10/18/2016

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