- Property Owners & Managers
- About OHFA
Providing Housing Resources With an Eagerness to Serve
Final Permanent Rules (effective 9/11/17)
The National Housing Trust Fund (HTF) is an affordable housing production program that began in 2016. It supplements existing federal, State and local efforts that increase and preserve the supply of affordable housing. Individuals who are low and very low-income, including homeless families, benefit from HTF developments.
The HTF was established under Title I of the Housing and Economic Recovery Act of 2008, Section 1131. Section 1131 of HERA amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4501 et seq.) (Act) to add a new section 1337, entitled "Affordable Housing Allocation" and a new section 1338, entitled "Housing Trust Fund."
States will be the grantees for the HTF. HUD will allocate HTF funds by formula annually. A state must use at least 80 percent of each annual grant for rental housing; up to 10 percent for home ownership; and up to 10 percent for the grantee's reasonable administrative and planning costs.
HTF funds may 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. All HTF-assisted units will be required to have a minimum affordability period of 30 years.