Housing Trust Fund

 

To expand and preserve the supply of affordable housing, particularly rental housing, for extremely low-income and very low income households.

Active 14.275 Assistant Secretary For Community Planning and Development, Department of Housing and Urban Development A - Formula Grants Not applicable. The Housing and Economic Recovery Act of 2008, Section 1131, Public Law 110-289 States as defined in 24 CFR 93.2 are eligible to receive formula allocations. Insular areas also may receive formula funds. At least 75 percent of funds must be used for extremely low-income families, or families with incomes at or below the poverty line (whichever is greater), unless the allocation is below $1 billion, at which point 100 percent of the funds must be used for extremely low-income families. States must certify they will meet program requirements. Preapplication coordination is required. Grantees are required to comply with the requirements of 24 CFR Part 91. This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The responsible HUD Field Office notifies grantees of the formula awards. HUD prepares the grant agreement for signature. Contact the headquarters or regional location, as appropriate for application deadlines HTF allocation plans must be submitted by August 16, 2023. Not applicable. Each year grantees are required to submit an HTF allocation plan as part of their annual action plan and certifications. A grantee's Consolidate Plan and Annual Action Plan are reviewed according to criteria set forth in 24 CFR 91. For use by States for the rehabilitation or new construction of rental and homebuyer housing. Performance Reports: HTF grantees are required to report financial information and programmatic accomplishments in HUD's integrated disbursement and Information data system. The HUD Field Office will conduct monitoring of projects. Not applicable. Records which enable HUD to determine whether the Housing Trust Fund has met the requirements of the program must be kept for the most recent five year period. Those records required to document the period of affordability must be maintained for five years beyond the required period of affordability. Statutory Formula: Part 93 Subpart B Public Law 110-289

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Once drawn down, funds must be expended within fifteen days. All funds must be committed to projects within 24 months and expended within 5 years. Funds are expended as needed to complete the project. Contact appropriate HUD Field Office listed in Appendix IV of the Catalog. Peter Huber
451 7th Street SW, room 7164
Washington, DC 20410 US
Peter.H.Huber@hud.gov
Phone: 202-708-2684
Fax: 202-708-1744 http://www.hudexchange.info/program/htf/ 86-8560-4-2-604 (Formula Grants) FY 22$493,970,525.00; FY 23 est $634,028,209.00; FY 24 est $334,536,900.00; FY 21$697,595,282.00; FY 20$284,856,209.00; FY 19$247,526,787.00; FY 18$266,775,403.00; FY 17$217,084,000.00; - $76,573 to $62,249,056; average is $6,952,031. 24 CFR Part 93. Fiscal Year 2020 Since the FY 2016 initial funding, 1,055 units of rental housing have been completed for extremely low income households.