HUD Announces First-Ever Housing Trust Fund Allocations to States
On May 4, the Department of Housing and Urban Development (HUD) allocated $174 million from the Housing Trust Fund (HTF) to states, the District of Columbia, and territories. The allocations are the first ever from the HTF, which was created in 2008, but only recently received funding.
HTF funds are awarded to states as formula grants to improve the supply of affordable housing for extremely low- and very low-income households. This Issue Brief provides background on the HTF and a breakdown of fiscal year (FY) 2016 funding allocations.