Community Reinvestment Program (CRP)

Commerce’s Community Reinvestment Program (CRP) is now accepting applications from organizations, lenders and tribes to assist people disproportionally experiencing wealth disparities with buying homes and building generational wealth.

Funding will support expanding affordable homeownership opportunities. This can include:

  • Land acquisition loan program

  • Capacity building for emerging community-based housing organizations

  • Culturally responsive financial coaching

  • Flexible mortgage products that help buyers become mortgage-ready faster

  • Foreclosure remediation for people who own and live in their home

  • Upgrades to homes that people own and live in that address health and safety needs

  • Loan programs to create accessory dwelling units (ADU) or detached accessory dwelling units (DADU)

There is approximately $15,338,050 in total funding for the project. Funding will be distributed across 12 regions throughout Washington.

Applications are due Monday, March 16, 2026 at 3 p.m. PT.


Learn More and Apply: CRP funding opportunity to expand homeowner opportunities – Washington State Department of Commerce

Funding opportunitiesinfoRFP