Affordable Housing

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Support for Affordable Housing and Community Development
Washington Mutual invests in programs that build new housing, refurbish existing housing and revitalize neighborhoods. Our goal is to make long-term, safe, accessible and affordable housing available for low- to moderate-income (LMI) individuals and families. 

We provide three types of grants:

• General operating grants to support organizations that are developing long-term affordable housing
• Capacity building grants for nonprofit housing developers
• Capital grants to build long-term, affordable housing for LMI individuals

Examples of projects that may be funded:

• New construction or rehabilitation of single- or multi-family units for ownership or rental
• Multi-family/mixed-income developments
• Mixed-use developments that include affordable housing

We also support efforts to help LMI individuals:

• Increase their ability to expand existing small businesses in LMI neighborhoods that create job opportunities with livable wages
• Learn about buying a home

Grant Limitations
Washington Mutual does not provide grants to individuals or to organizations that:

• Are not tax-exempt under Section 501(c)(3) of the Internal Revenue Code, governmental entities, including public schools, or tribal organizations that are classified as governmental entities for federal tax purposes
• Discriminate for any reason, including race, religion, creed, age, sex, sexual orientation or national origin
• Are religious, unless the program or project to be funded fits into one of the specified focus areas and is for nonreligious purposes
• Are seeking funding for programs or projects that are outside the areas where Washington Mutual does business
• Are fiscal agents or fiscal sponsors