Last week HUD announced an allocation of $689,565,492.92 to states via the National Housing Trust Fund (NHTF). HUD also allocated nearly $5 billion via HOME from American Rescue Plan (ARP) funding to help communities across the country create affordable housing and services for people experiencing or at risk of experiencing homelessness.
The $4.925 billion in HOME-ARP funding must be spent by 2030 and allows the money to be spent on the development of affordable housing, tenant-based rental assistance, supportive services and acquisition and development of non-congregate shelter units. In the coming weeks, HUD will announce the allocation of funding for emergency vouchers from the American Rescue Plan.
