What Are Housing Trust Funds?
Housing trust funds are distinct funds established by city, county or state governments that receive ongoing dedicated sources of public funding to support the preservation and production of affordable housing and increase opportunities for families and individuals to access decent affordable homes. Housing trust funds systemically shift affordable housing funding from annual budget allocations to the commitment of dedicated public revenue. While housing trust funds can also be a repository for private donations, they are not public/private partnerships, nor are they endowed funds operating from interest and other earnings. Click here to learn more.
On May 4, 2016, HUD announced state-by-state funding levels for the National Housing Trust Fund (NHTF). There will be nearly $174 million available for producing, preserving, and rehabilitating rental housing for ELI households, those with incomes at or below 30% of area median income. For state allocations, click here. On April 28, 2016 HUD posted the National Housing Trust Fund (NHTF) Allocation Plan guidance. To read the guidance, click here. For the latest information on the National Housing Trust Fund, go to the National Low income Housing Coalition website: http://nlihc.org/issues/nhtf
How HTFs Work
The popularity of housing trust funds is attributable in large part to their inherent flexibility. They can be designed to serve the most critical housing needs in each community, whatever those may be. Defining the key elements of your housing trust fund proposal is a critical first step toward establishing a housing trust fund that will be efficient, effective, and responsive to your community’s needs. To learn more, click here.
Publication and Resource Library
The Housing Trust Fund Project provides a wide array of resources available for download to assist in the development and an implementation of housing trust funds. For links to an example document library, Housing Trust Fund Project publications, and our Newsletter archive, click here.