Home is the foundation.
But for the 7.1 million American households for whom even a modest rental home is unaffordable and unavailable, life is a daily struggle for survival. Families in this situation find themselves making impossible choices between food and rent. When illness, job loss or other tragedy strikes, they often become homeless.
- It is a permanent program, and will have dedicated source of funding not subject to the annual appropriations process.
- At least 90% of the funds must be used for the production, preservation, rehabilitation, or operation of rental housing. Up to 10% can be used for the following home ownership activities for first-time home buyers: production, preservation, and rehabilitation; down payment assistance, closing cost assistance, and assistance for interest rate buy-downs.
- At least 75% of the funds for rental housing must benefit extremely low income households and all funds must benefit very low income households.
National Housing Trust Fund: Frequently Asked Questions (PDF)
A detailed review of the National Housing Trust Fund
State Allocations (PDF)
Estimated funding states would receive through the National Housing Trust Fund
Current Avenues for Funding (PDF)
An overview of different funding sources for the National Housing Trust Fund
Demand Letter from NLIHC and the Right to the City Alliance (PDF)
Letter to Federal Housing Finance Agency Acting Director Edward DeMarco demanding that FHFA release funds from Fannie Mae and Freddie Mac to the National Housing Trust Fund, as required by statute