Request for TCRA to subordinate its loan position.
The Housing Division of the Community and Economic Development Department provides service and technical assistance that ultimately result in safer, more attractive neighborhoods, improved rental and owner-occupied housing, elimination of blight, improved household and neighborhood safety and stimulated economic development. We provide housing assistance and economic development services to primarily low-income and elderly residents.
The division administers federally funded housing programs, such as the Community Development Block Grant (CDBG) program, HOME Investment Partnership Program (HOME) and Neighborhood Stabilization Program II. As part of this administrative responsibility, we annually adopt an Annual Action Plan (AAP) that outlines how the Housing Division will use its federal funding in the upcoming program year and a Consolidated Annual Performance and Evaluation Report that summarizes our achievements. Every five years we update the City of Tacoma’s Consolidated Plan. This document provides a framework for addressing housing, human services, community and economic development needs in Tacoma. The plan is required by the United States Department of Housing and Urban Development (HUD) to apply for funds from the CDBG, HOME, and Emergency Solutions Grant (ESG) programs.
Housing Assistance Services
The division works in partnership with the non-profit housing community and housing developers to provide affordable housing options in Tacoma. The following non-profit organizations currently receive Community Development Block Grant funds to provide housing assistance services: Metropolitan Development Council, Associated Ministries and Rebuilding Together South Sound. In addition, the Housing Division provides home repair and rehabilitation loans, sewer conservation loans, homebuyer down payment assistance loans and affordable housing developer loans.
Economic Development Services
The Housing Division works to stimulate economic growth by providing Community Development Block grant funds to the following projects, which provide small business technical assistance, among other services: Spaceworks Tacoma, Tacoma Entrepreneurial Assistance Program and the William Factory Small Business Incubator. The Housing Division also offers small business loans intended as gap financing for purposes such as acquisition, site improvements, working capital and equipment or machinery. These loans result in job creation and a stronger business community. Additionally, a Facade Improvement Loan Program, Fire Safety Loan Program, and Historic Rehabilitation and Repair Loan Program are available. Lastly, we partner with lenders that work with start-up companies.
Because of the Housing Division, the community benefits from increased job opportunities, affordable housing stock, reduced blight and crime and an overall sense of pride in the City’s neighborhoods.
Useful Housing and Community Development Documents and Resources
Contact us if you have questions about the Housing Division