Housing & Economic Development Programs

Program Overview and Qualifications

The WCRA provides permanent loans on affordable rental housing and economic development projects using three lending pools funded by our member banks.

The projects financed by the WCRA may have affordability and regulatory requirements in place from the Washington State Housing Finance Commission, the Washington State Office of Community Development, HUD, USDA-RD and/or local municipalities.

For multi-family properties we require a minimum of 5 units and all units that are 3 bedrooms or larger must contain at least 1.75 bathrooms.

A small playground with swings and a slide sits on gravel near residential houses, surrounded by green grass and trees under a clear blue sky—a welcoming amenity often found in multifamily communities supported by economic development loans in Washington.

Please select a program name below to view guidelines and requirements: