• Agency: U.S. Department of Housing and Urban Development (HUD)
• Status: Currently Available

The National Housing Trust Fund (NHTF) is an affordable housing production program that complements existing Federal, state and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low- and very low-income households, including homeless families. The Housing and Economic Recovery Act of 2008 (HERA) established NHTF to be administered by the U.S. Department of Housing and Urban Development (HUD). NHTF funds may be used for the production or preservation of affordable housing through the acquisition, new construction, reconstruction, and rehabilitation of non-luxury housing with suitable amenities. States and state-designated entities are eligible grantees for the NHTF. HUD allocates NHTF funds by formula annually. A State must use at least 80 percent of each annual grant for rental housing; up to 10 percent for homeownership; and up to 10 percent for the grantee’s reasonable administrative and planning costs. NHTF funds may be used for the production or preservation of affordable housing through the acquisition, new construction, reconstruction, and rehabilitation of non-luxury housing with suitable amenities. All NHTF-assisted units will be required to have a minimum affordability period of 30 years.