The U.S. Department of Housing and Urban Development announced that $174 million from the National Housing Trust Fund will be allocated among state housing agencies. HUD expects to make individual allocations to States later this spring and anticipates these funds can be drawn upon as early as this summer. This is the first-ever NHTF allocation.
The Fund is capitalized through contributions by government sponsored enterprises Fannie Mae and Freddie Mac. The funds are intended to boost the supply of housing for extremely-low and very-low income households, including families experiencing homelessness. In December 2014, the Federal Housing Finance Agency directed Freddie Mac and Fannie Mae to begin setting aside and allocating funds to the Housing Trust. In January of 2015, HUD issued interim rules to guide states on how to implement their Housing Trust Funds.
