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HUD Announces First Housing Trust Fund Allocations

Several years after its inception, the Housing Trust Fund (HTF) is finally allocating funds to states in an effort to increase and preserve the supply of affordable housing for extremely low- and very low-income households, including homeless families, with 80% of the grants going to affordable rental projects.

The HTF was established by the Housing and Economic Recovery Act of 2008 but denied funding when Fannie Mae and Freddie Mac were put into conservatorship. Several years later, as Fannie and Freddie began making a profit, many affordable housing advocates began calling for them to contribute to the HTF so it could start serving as a source of gap funding for affordable housing developers. In December of 2014, it was announced that Fannie and Freddie would begin contributing to the HTF.

In May of this year, the U.S. Department of Housing and Urban Development (HUD) announced it was allocating nearly $174 million through the HTF. Each state is allocated a minimum of $3 million. A table depicting each state’s allocation is below. For more information, click here to read the notice in the Federal Register.

FY 2016 Housing Trust Fund

Allocation Amounts

State

FY 2016 Allocation

Alabama

$3,000,000

Alaska

$3,000,000

Arizona

$3,000,000

Arkansas

$3,000,000

California

$10,128,143

Colorado

$3,000,000

Connecticut

$3,000,000

Delaware

$3,000,000

District of Columbia

$3,000,000

Florida

$4,598,821

Georgia

$3,314,612

Hawaii

$3,000,000

Idaho

$3,000,000

Illinois

$4,302,012

Indiana

$3,000,000

Iowa

$3,000,000

Kansas

$3,000,000

Kentucky

$3,000,000

Louisiana

$3,000,000

Maine

$3,000,000

Maryland

$3,000,000

Massachusetts

$3,419,569

Michigan

$3,522,622

Minnesota

$3,000,000

Mississippi

$3,000,000

Missouri

$3,000,000

Montana

$3,000,000

Nebraska

$3,000,000

Nevada

$3,000,000

New Hampshire

$3,000,000

New Jersey

$3,733,566

New Mexico

$3,000,000

New York

$7,013,963

North Carolina

$3,280,235

North Dakota

$3,000,000

Ohio

$3,740,578

Oklahoma

$3,000,000

Oregon

$3,000,000

Pennsylvania

$3,862,285

Rhode Island

$3,000,000

South Carolina

$3,000,000

South Dakota

$3,000,000

Tennessee

$3,000,000

Texas

$4,778,364

Utah

$3,000,000

Vermont

$3,000,000

Virginia

$3,139,830

Washington

$3,243,721

West Virginia

$3,000,000

Wisconsin

$3,004,558

Wyoming

$3,000,000

American Samoa

$12,321

Guam

$77,609

N. Mariana Islands

$35,735

Puerto Rico

$326,054

Virgin Islands

$56,562

TOTAL

$173,591,160

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