Contact Congress today to emphasize the importance of the national Housing Trust Fund (HTF), and sign your organization onto a letter from advocates around the country asking Congress to protect and expand this resource. In the first year of funding for HTF, states made plans to build and preserve affordable rental homes for extremely low income veterans, seniors, people with disabilities or special needs, low-wage workers, and people experiencing homelessness. This is an important first step toward ensuring the nation’s 11.4 million extremely low income households have access to decent, affordable housing.
The HTF is the first new federal affordable housing resource in a generation, and it is exclusively targeted to build and preserve housing affordable to people with the lowest incomes. In 2016, the first $174 million in HTF dollars were allocated to the states. Because the HTF is administered as a block grant, each state has the flexibility to decide how best to use HTF resources to address its most pressing housing needs. The first year of funding was a strong start to the program, but Congress must significantly expand the HTF in order to address the critical affordable housing needs of the lowest income renters in every community in the U.S.
The need to protect and preserve the HTF is relevant in Congressional actions on the budget, and in negotiations for FY2017 and FY 2018 appropriations. Additionally. Congress is considering reforms to the government sponsored enterprises (GSE), Fannie Mae and Freddie Mac, in 2017. Because the HTF is funded through a small assessment on Fannie Mae and Freddie Mac’s new business each year, reforms to the GSEs would have a direct impact on the HTF. Previous bipartisan legislation reforming the GSEs included a significant increase in resources to the HTF. Congressional leaders considering reforms this Congress must protect and expand the national Housing Trust Fund to assist the 7.4 million extremely low income households who lack access to affordable homes. There may also be opportunities to expand the HTF in a comprehensive infrastructure package and in comprehensive tax reform efforts.
Sign the letter urging Congress to expand the HTF and share it with your networks.
Read and sign the letter at: http://bit.ly/2lKahD5