What defines a housing trust fund is securing a dedicated revenue source. This means that the funding source is committed by law to generate funds for the housing trust fund. Thus, a certain…
How can you spend the money? This seems like the fun part of creating a housing trust fund. But adequately identifying the requirements and objectives to include in a housing trust fund…
If there is one lesson communities have learned about housing policy, it is that no length of affordability is long enough when it comes to meeting the need for affordable housing. The twenty…
No other issue touches the heart of housing trust funds more than that of serving those populations that continue to have the most difficult time securing decent, affordable housing. Due to their…
These are perhaps the least restrictive areas of housing trust fund regulation. Typically, any project that meets the requirements of the housing trust fund is eligible for funding. Housing trust…
A majority of housing trust funds have an oversight body other than, or in addition to, the jurisdiction’s elected officials. This advisory board is typically appointed by elected officials,…
President Donald Trump released a “skinny” budget request today (May 2) indicating the administration will seek cuts that would decimate HUD’s vital affordable housing, homelessness, and community…
Join NLIHC’s next “Tenant Talk Live,” a meeting geared toward tenant and resident leaders, on Monday, May 5, at 6 pm ET (5 pm CT, 4 pm MT, and 3 pm PT). In this month’s discussion, we will hear from…
The first step in developing a housing trust fund is to draft a proposal that will create the housing trust fund needed in your community. The goal is to put on the table your group’s ideal housing…
Two decisions must be made regarding how the funds will be distributed. The first is the form the awards will take, for example, as grants or loans. The second is the type of application process that…
This section examines what administering a trust fund involves, who should do it, how to pay for it, how the trust fund should be coordinated with other money available for housing, and how the trust…
