2025 Rental Housing - Operations & Maintenance

Pierce County seeks proposals from owners of affordable housing who need additional funds to supplement ongoing operating and maintenance (O&M) costs for housing units that are affordable to very low-income households. The intent of the funding is to bridge the gap between the below market rents charged at affordable housing properties and fair market rents, allowing them to avoid a negative cash flow while adequately funding reserves.

The O&M funding must be for projects with housing units located in Pierce County including all the incorporated cities and towns within Pierce County and all unincorporated areas of Pierce County.

Funding for this solicitation is derived from the County’s Affordable Housing Document Recording Fee Fund (SHB 2060) as authorized under RCW 36.22.178 (and amended by RCW 36.22.250), which finances affordable housing projects that serve households at or below fifty percent (50%) of the Area Median Income (AMI) for Pierce County, as published by the U.S. Department of Housing and Urban Development (HUD).

It is the County’s goal to ensure that owners of housing units rented to very low-income households have the additional funding support needed for operations and maintenance costs that cannot be covered alone with the income received from unsubsidized, below market rents.