On behalf of the National Low Income Housing Coalition, I applaud the Federal Housing Finance Agency (FHFA) acting director for releasing the 2018 national Housing Trust Fund annual allocations to the U.S. Department of Housing and Urban Development (HUD), as it is required by law to do. The national Housing Trust Fund is used to build and preserve rental homes affordable to America’s lowest-income seniors, people with disabilities, families with children, people experiencing homelessness, veterans and other individuals most impacted by the growing affordable housing crisis. These funds will now be made available to help states and communities address the housing needs of their most vulnerable residents. NLIHC is grateful to Senators Susan Collins (R-ME) and Jack Reed (D-RI), as well as Chairwoman Maxine Waters (D-CA), for their leadership and tenacity in successfully urging FHFA to release these much needed funds.
On March 15, NLIHC sent a letter, on behalf of the national Housing Trust Fund campaign, to Acting Director Joseph Otting to urge him to immediately transfer the 2018 HTF allocation of $245 million to HUD, as required by law. In past years, FHFA transferred Housing Trust Fund allocations within 60 days of the end of the calendar year. Read NLIHC’s letter to Acting Director Otting at: https://bit.ly/2WJqck5