Washington State Housing Finance Commission Awards Financial Services Contract to Old Town Senior (holly Senior Apartments) (July 2026)

The Commission approved a $2.7 million annual 9% Low-Income Housing Tax Credit award for Holly Senior Apartments in Bellingham’s Old Town District. Mercy Housing Northwest will use the credits and substantial state and local funding to create 74 deeply affordable apartments for seniors, including homeless households.

Scope & details

The full contract record, as filed.

Contract amount

$2,700,000 (annual 9% LIHTC)

Contract type

FINANCIAL_SERVICES

Contract term

Standard 10-year 9% Housing Tax Credit allocation period plus extended use per program requirements

Renewal date

2036-12-31

Renewal

Initial 2026 9% LIHTC allocation with a 10‑year credit period and extended use restrictions; not structured as a renewable services contract.

Document type

AgendaPacket

Source document

Washington State Housing Finance Commission Board Meeting Packet 2026-07-23

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Washington State Housing Finance Commission AgendaPacket 2026-07-23

APPROVED

Washington State Housing Finance Commission, Washington$2,700,000 annual tax creditsJul 23, 2026

Washington State Housing Finance Commission Agenda 2026-07-23

APPROVED

Washington State Housing Finance Commission, WashingtonAnnual tax credit amount $2,700,000Jul 15, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Washington State Housing Finance Commission?

Old Town Senior (holly Senior Apartments) was awarded this financial services contract by Washington State Housing Finance Commission, as recorded on July 23, 2026. The contract value is $2,700,000 (annual 9% LIHTC).

How much is the Old Town Senior (holly Senior Apartments) contract with Washington State Housing Finance Commission worth?

The Old Town Senior (holly Senior Apartments) contract with Washington State Housing Finance Commission is valued at $2,700,000 (annual 9% LIHTC), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Washington State Housing Finance Commission Board Meeting Packet 2026-07-23 (AgendaPacket), dated July 23, 2026 from Washington State Housing Finance Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Old Town Senior (holly Senior Apartments) hold?

Old Town Senior (holly Senior Apartments) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Washington State Housing Finance Commission currently buying?

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