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October 24, 2019

WSHFC lands HUD dollars for O-Zones

The Washington State Housing Finance Commission has been granted $372,314 from the U.S. Department of Housing and Urban Development, which made the announcement. HUD also made grants in Idaho and Oregon that, including Washington, total $721,067. That Northwest subset is part of a broader $42.8 million package of grants. WSHFC, a publicly accountable, self-supporting state agency, will spend the money on counseling low-income renters and buyers in federally tax-favored Opportunity Zones, as HUD intends, which allow investors to defer their capital gains taxes. In Washington, there are some 139 census tracts that are so favored; many are in Sodo, the Duwamish area and Pioneer Square.




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