Housing Trust Fund

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




Related Programs14.239 Home Investment Partnerships Program

Agency - Department of Housing and Urban Development

The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.

Office - See Regional Agency Offices.

Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.



Selected Recipients for this Program


RecipientAmount Start DateEnd Date
Housing & Community Affairs, Texas Department Of $ 4,789,476   2017-08-01
Georgia Housing Finance Authority $ 4,427,950   2017-10-19
Missouri Department Of Economic Development $ 3,970,270   2018-09-19
Housing And Community Development, Virginia Dept Of $ 3,821,341   2017-09-12
Ohio Development Services Agency $ 3,747,502   2016-12-30
Administration, Wisconsin Department Of $ 3,481,414   2017-10-19
Housing, Arizona Department Of $ 3,317,255   2017-09-12
Department Of Housing, State Of Connecticut $ 3,269,474   2018-09-12
Housing And Community Development, Virginia Dept Of $ 3,142,439   2016-12-30
Vermont Housing & Conservation Board $ 3,000,000   2017-09-22



Program Accomplishments

Not Applicable.

Uses and Use Restrictions

For use by States for the rehabilitation or new construction of rental and homebuyer housing.

Funds may be used for new construction or rehabilitation of public housing although several restrictions apply.

Eighty percent must be used for rental housing, and up to 10 percent may be used for homebuyers, see regulations 24 CFR 93.203.

There are several prohibited activities and fees that apply also, see regulations 24 CFR 93.204.

Ten percent of funds may be used for administrative costs although several restrictions apply, see regulations 24 CFR 93.202.

Eligibility Requirements

Applicant Eligibility

States as defined in 24 CFR 93.2 are eligible to receive formula allocations.

Insular areas also may receive formula funds.

Beneficiary Eligibility

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.

Credentials/Documentation

States must certify they will meet program requirements. 2 CFR 200, Subpart E - Cost Principles applies to this program.

Aplication and Award Process

Preapplication Coordination

Grantees are required to comply with the requirements of 24 CFR Part 91.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program.

Award Procedures

The responsible HUD Field Office notifies grantees of the formula awards. HUD prepares the grant agreement for signature.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Authorization

The Housing and Economic Recovery Act of 2008, Section 1131, Public Law 110-289.

Range of Approval/Disapproval Time

HTF allocation plans must be submitted by August 16, 2017.

Appeals

Not Applicable.

Renewals

Each year grantees are required to submit an HTF allocation plan as part of their annual action plan and certifications.

Assistance Considerations

Formula and Matching Requirements

Statutory Formula: Part 93, Subpart B, Public Law 110-289. This program has no matching requirements. This program does not have MOE requirements.

Length and Time Phasing of Assistance

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. See the following for information on how assistance is awarded/released: Funds are expended as needed to complete the project.

Post Assistance Requirements

Reports

Program reports are not applicable.

Cash reports are not applicable.

Progress reports are not applicable.

Expenditure reports are not applicable.

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.

Audits

In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503.

Records

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.

Financial Information

Account Identification

86-8560-4-2-604.

Obigations

(Formula Grants) FY 16 $3,000,000; FY 17 est $191,176,000; and FY 18 est $213,849,000

Range and Average of Financial Assistance

$7,771 to $23,228,115; average is $3,913,721.

Regulations, Guidelines, and Literature

24 CFR Part 93.

Information Contacts

Regional or Local Office

See Regional Agency Offices. Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.

Headquarters Office

Peter Huber 451 7th Street SW, room 7164, Washington, District of Columbia 20410 Email: Peter.H.Huber@hud.gov Phone: 202-402-3941 Fax: 202-708-1744

Criteria for Selecting Proposals

Not Applicable.



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