Housing Trust Fund

HTF is an affordable housing program with the goal of increasing and preserving the supply of affordable housing for people making between 30 and 50 percent of the Area Median Income, including families experiencing homelessness. HFT can be used for the production or preservation of affordable housing through the acquisition, new construction, reconstruction, and/or rehabilitation of non-luxury housing with suitable amenities.

Administering Agency:

HUD

Learn More

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Key Details:

Funding Overview:

HTF is an affordable housing program with the goal of increasing and preserving the supply of affordable housing for people making between 30 and 50 percent of the Area Median Income, including families experiencing homelessness. HFT can be used for the production or preservation of affordable housing through the acquisition, new construction, reconstruction, and/or rehabilitation of non-luxury housing with suitable amenities.

Common Uses:

The production or preservation of affordable housing including, but not limited to, construction costs, renovation, operating costs for rental housing, and real property acquisition.

Issue Area(s): Housing and Homelessness

Eligibility: State, Territory

Key Usage Options: Administrative, Planning, Real Estate

Funding Amount/Range: $30,000 - $32,000,000

Allocation Frequency: Annual

Funding/Expending Period: 1 year

Funding Type: Block Grant

How to Obtain: Talk to State

Match Requirement: No

Notes:

Requires projects to be part of a jurisdiction's 3- to 5-year Consolidated Plan that is submitted to the U.S. Department of Housing and Urban Development.