Washington State to Impose Evergreen Standard

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The Washington State Housing Finance Commission has announced that beginning in 2009 all applicants for low-income housing tax credits will need to meet the Evergreen Sustainable Development Standard of the state Department of Community Trade and Economic Development, along with all related policies and procedures, regardless of the funding sources for a proposed housing credit project.

The Evergreen Sustainable Development Standard Criteria was originally developed to set a minimum level of sustainable performance for projects applying to the state’s housing trust fund after 7/1/08. read more…