City of Seattle Office of Housing
Seattle, Washington

The Acquisition and Preservation (A&P) Program provides short-term funding for strategic property acquisition for low-income housing development and preservation. A&P Program loans can be made for acquisition of land or buildings, with a priority for acquisition of occupied buildings, and can support development of rental or ownership housing.

Funding Source
Dedicated funding stream - Other
Funding Year
2017-2022
Program Status
Active
Total Funding
$77,700,000
Website
https://www.seattle.gov/housing/housing-developers/rental-housing-program/funding-announcements-and-application#multifamilyprogram
Contact
Rosey Zhou Seattle Office of Housing [email protected] 206-684-0346
How Provided?
Development loans
Program Type
Capital resources
Income Eligibility Threshold
60% AMI or less
Duration
Affordability period is 20 years
Info Source
NLIHC internet research
Last Updated
8/3/23 15:58
Coordinates Eligibility With

Does not coordinate with other systems

Income Eligibility Threshold Detail

Existing tenants can remain if income at or below 80% AMI

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Does not prioritize beyond eligibility requirements