The United States Interagency Council on Homelessness (USICH) has released a fact sheet on the National Housing Trust Fund (HTF). Housing to End Homelessness: How the National Housing Trust Fund Will Help reviews HTF procedures and how states can utilize funds to aid their efforts to end homelessness.
The HTF will dedicate a segment of new mortgages from Fannie Mae and Freddie Mac each year towards creating affordable housing. The program then will distribute block grants to the states to fund housing for extremely low income and very low income households. While the HTF was enacted in 2008, it will only begin operating this year.
The U.S. Department of Housing and Urban Development (HUD) will require each state to submit an Allocation Plan for HTF funds. HTF money can be used to build or rehabilitate housing, cover operating costs, and assist homeownership programs, and states may target up to 25% of the grants for distinct populations, including people experiencing homelessness.
Click here to read the USICH Fact Sheet.