HUD Announces Housing Trust Fund (HTF) Interim Rule
The U.S. Department of Housing and Urban Development (HUD) has recently published an Interim Rule (FR-5246-I-03) Housing Trust Fund (HTF) which provides the guidelines for States to implement the HTF.
The Housing and Economic Recovery Act of 2008 (HERA) established the National Affordable Housing Trust Fund (HTF) to be administered by HUD. The purpose of the HTF is to provide grants to State governments to increase and preserve the supply of rental housing for extremely low- and very low-income families, including homeless families, and to increase homeownership for extremely low- and very low-income families. This rule establishes the regulations that will govern the HTF. HUD is issuing this rule as an interim rule. It is HUD's intention to solicit public comment on the interim rule after HTF grantees and program participants gain experience working with the HTF interim rule.
HUD has also launched an HTF resource page on the HUD Exchange. This page contains the latest news and resources about the HTF.
View the Interim Rule (FR-5246-I-03) HTF