Housing Trust Fund
The Housing Trust Fund invests local funding from ARCH member cities in the creation and preservation of affordable homes for low and moderate income individuals and families in East King County. Since its creation in 1993, the Trust Fund has supported roughly 6,000 units, more than any other housing program on the Eastside, with the majority of homes affordable to households earning less than 50% of median income. The Trust Fund has invested in a wide variety of projects for families, seniors, people with special needs, and people transitioning from homelessness.
Over the life of the program, the Trust Fund has leveraged $15 for every $1 of local funding.
ARCH Housing Trust Fund
Approximately $3.5 million is available in the 2025 ARCH Housing Trust Fund (HTF) round for projects across the ARCH region. Please reference the 2025 ARCH Trust Fund Request for Proposals (RFP) for general information on project eligibility requirements, funding priorities, application, and submission instructions. An additional $2.5 million is available from Issaquah’s Inclusive Housing Investment Pool (IHIP) for projects in Issaquah. To be considered for IHIP funds, please complete the 2025 Housing Trust Fund application.
Funding Announcement: 2025 ARCH Housing Trust Fund RFP
Application Due Date (HTF and IHIP): September 9th at 12pm.
Application Materials
ARCH uses the Combined Funders Application forms, developed jointly with other Public Funders including the State Department of Commerce and King County. Application forms for either Homeownership or Rental Permanent Housing, Transitional Housing, and Shelter Projects are available for download below. Please carefully review the RFP for detailed instructions and note that in 2025 applicants must also obtain and submit a LIHTC scoring form from the Washington State Housing Finance Commission.
Rental Permanent Housing, Transitional Housing, and Shelter Projects
Homeownership Projects
1_MF HTF Checklist v1.0 (note applicants should omit checklist items not applicable to homeownership)
2_HO1- Combined Funders Application
3_HO2- Combined Funders Project Workbook
Developer Fee Schedule: Current ARCH Developer Fee Limit
Please contact Patrick Tippy at ARCH to set up a pre-application meeting, or with any further questions about the Trust Fund, (425) 305-5364
Bellevue Housing Stability Program & Affordable Housing Fund
Housing Stability Program
Bellevue is making up to $20M available from the Housing Stability Program (HSP) for capital awards and operating, maintenance, and services awards for HSP eligible projects. The Housing Stability Program invests capital funding into targeted affordable and supportive housing developments in Bellevue that serve the city’s most vulnerable residents and funds services critical for stable living. HSP awards, funded by a local sales tax and as required by RCW 82.14.530, must support units for households earning up to 60% AMI and be set-aside for populations limited to:
Persons with behavioral health disabilities
Veterans
Senior citizens
Persons who are homeless, or at-risk of being homeless, including families with children
Unaccompanied homeless youth or young adults
Persons with disabilities
Domestic violence survivors
Affordable Housing Fund
Additionally, the City of Bellevue currently holds a balance of funds generated from Fee-in-Lieu payments and previous City affordable housing appropriations – together, the Affordable Housing Fund (AHF). The Affordable Housing Fund, unlike the existing Housing Stability Program, consists primarily of non-renewable sources that have accumulated over time and now represents an opportunity for the City to make a meaningful, timely infusion of local gap funding. Bellevue is advertising up to $10M available in AHF. AHF funding may be awarded to projects across the city serving a range of income levels and program types including shelter, rental, and homeownership. Any project that provides affordable rental units below 80% AMI or homeownership units below 100% AMI may apply for AHF funding. Projects will be evaluated based on the program priorities and evaluation criteria identified in the RFP.
Funding Announcement: 2025 Bellevue HSP & AHF RFP
Application Due Date (HTF and IHIP): September 9th at 12pm.
Application Process
The City of Bellevue funds, administered in partnership with ARCH, uses the Combined Funders Application forms, developed jointly with other Public Funders including the State Department of Commerce and King County. Application forms for either Homeownership Projects or Rental Housing, Transitional Housing and Shelter are available for download below. Please submit the appropriate forms for your proposed development.
Consult the RFP for detailed instructions and note that in 2025 applicants must also obtain and submit an ARCH Application Addendum and a LIHTC scoring form from the Washington State Housing Finance Commission.
Rental Housing, Transitional Housing and Shelter Project Application Materials
6_Appendix A- 2025 HSP Supplemental Application
7_Appendix B- 2025 HSP OMS Application Workbook
Homeownership Projects
2_HO1- Combined Funders Application
3_HO2- Combined Funder Project Workbook
Please contact Patrick Tippy at ARCH to set up a pre-application meeting, or with any further questions about the City of Bellevue’s Housing Stability Program or Affordable Housing Fund at (425) 305-5364.
“ARCH has proven to be an invaluable resource to its member cities and local housing developers in structuring partnerships that work, and funding the gap for projects in need.”
HTF Monitoring
Projects that receive funding from the ARCH Trust Fund are important community assets that will provide public benefits for at least 50 years. To ensure the long-term sustainability of these assets, ARCH and other public funders monitor properties on an annual basis using the Web-Based Annual Reporting System:
Affordability Restrictions: Properties must meet rent and income restrictions outlined in project covenants.
Operating/Cash Flow: For projects that have contingent loans, ARCH reviews annual operating costs and cash flow to determine if loan payments are required pursuant to the project's funding agreement.
Long Term Sustainability Monitoring: ARCH performs periodic reviews of all funded projects to evaluate ongoing stability and sustainability.