FINANCIAL_SERVICESPENDING

Mount Baker TOD bond financing hearing scheduled

The Commission held a public hearing on financing for the Mount Baker TOD project, considering up to $55 million in tax-exempt and taxable revenue obligations to support a 241-unit affordable multifamily development in Seattle owned by MBTOD Phase One LLLP. The plan includes layered public funding, Amazon subordinate debt, and low-income housing tax credit equity with a minimum 40-year regulatory term.

Document date · August 27, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $55,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Regulatory agreement term minimum 40 years (tax credit restrictions)
Renewal
Obligations will carry a minimum 40-year regulatory agreement for low-income housing tax credit compliance; no renewal or extension options specified for the debt itself.
Document type
AgendaPacket
Source document
Washington State Housing Finance Commission Board Meeting Packet 2026-08-27

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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?

Mbtod Phase One Lllp was awarded this financial services contract by Washington State Housing Finance Commission, as recorded on August 27, 2026. The contract value is Not to exceed $55,000,000.

How much is the Mbtod Phase One Lllp contract with Washington State Housing Finance Commission worth?

The Mbtod Phase One Lllp contract with Washington State Housing Finance Commission is valued at Not to exceed $55,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Washington State Housing Finance Commission Board Meeting Packet 2026-08-27 (AgendaPacket), dated August 27, 2026 from Washington State Housing Finance Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mbtod Phase One Lllp hold?

Mbtod Phase One Lllp 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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