The Whidbey Community Foundation recently announced the launch of the Whidbey Affordable Housing Fund, or WAHF, a new funding initiative aimed at addressing the ongoing affordable housing crisis on Whidbey Island.
The fund, established by JADE Craftsman Builders with contributions from JADE and their clients, is now accepting applications from nonprofit organizations focused on creating perpetually affordable housing on the island.
The WAHF was created to connect donor dollars with nonprofit organizations working to develop more affordable housing options for individuals and families across Whidbey Island. By providing bridge loans, WAHF seeks to support projects that are near shovel-ready, currently under construction or close to completion.
In this first phase of funding, the WAHF will offer short-term bridge loans, enabling local nonprofits to expedite their affordable housing initiatives. Projects that are well-developed, with a robust business plan and multiple funding sources, are highly encouraged to apply. While loans are prioritized, organizations with longer-term needs are still welcome to submit a letter of interest to be considered for funding.
“Whidbey Island faces an urgent need for affordable housing options, and the Whidbey Affordable Housing Fund aims to address this challenge by providing critical financial support to nonprofits working on sustainable housing solutions,” said Jessie Gunn, executive director of the Whidbey Community Foundation.
To be eligible, applicants must be 501(c)(3) nonprofit organizations, schools, faith-based organizations, tribal entities, or government agencies, with a project based on Whidbey Island. Projects should aim to create or preserve perpetually affordable housing, with an emphasis on equity and serving historically marginalized communities. The fund offers support to a range of housing projects, including new construction, renovations and conversions.
Applicants will be asked to define affordability within the context of their project and demonstrate a commitment to maintaining long-term affordability for Whidbey residents.
The Whidbey Affordable Housing Fund accepts applications on a rolling basis. Interested organizations can visit Whidbey Community Foundation’s website to view the complete eligibility guidelines and to access the online application form. For more information about the Whidbey Affordable Housing Fund, please contact WCF at info@whidbeycommunityfoundation.org.
