The second video in NLIHC’s five-part series, Getting to Know the National Housing Trust Fund Law and Regulations, is now available. NLIHC’s Ed Gramlich focuses on how the National Housing Trust Fund (NHTF) law targets the funds to rental housing for households with extremely low incomes (ELI) (less than 30% of the area median income; for example, $20,550 for a three-person household in Chicago). Ed also explains the formula that will be used to distribute NHTF dollars to states. Seventy-five percent of the formula’s weight is given to two factors representing ELI renters. The statute requires at least 90% of a state’s NHTF to be used to build, rehab, preserve or operate rental housing, at least 75% of which must benefit ELI households.
Getting to Know the National Housing Trust Law and Regulations is a five-part series that explains why the National Housing Trust Fund is necessary and why the focus is on ELI renters, describes how the funds will be distributed to states, emphasizes opportunities for advocates to influence how their state allocates the funds, and provides detailed information about how the funds can be used.
Take a look! http://nlihc.org/issues/nhtf/videos