There are 118 city housing trust funds in thirty-four states, bolstered by another 186 jurisdictions participating in Massachusetts’ Community Preservation Act, and 296 communities certified in New Jersey by the Council on Affordable Housing—a total of 600 city housing trust funds. For a list of city housing trust funds and the agencies that administer them, click here.
In 2020, housing trust fund revenues generated by cities exceeded $1 billion. The most common revenue source collected by city housing trust funds are developer fees—used by twenty-seven city housing trust funds and all jurisdictions in New Jersey. According to our 2016 Housing Trust Fund Survey Report, the average amount of public and private funds leveraged for every dollar invested in affordable housing by city housing trust funds is $6.00. The highest leverage reported was $14.00 for individual trust funds. For a list of city housing trust fund revenue sources, click here.