Campaign for a National Housing Trust Fund
The National Low Income Housing Coalition is leading a campaign to call for a National Housing Trust Fund and we learned more about how the campaign is progressing. If we are to take a significant step toward solving the housing crisis affecting families and individuals across the United States, our leaders in Washington need to increase resources. To address this need the NLIHC is calling for the creation of a National Housing Trust Fund with a goal to produce, rehabilitate, and preserve 1.5 million units of affordable housing over the next 10 years. The key goals and principles of the National Housing Trust Fund include:
Income targeting: Commit at least 75% of the trust fund dollars for housing that is affordable for extremely low-income households (those with incomes under 30% of the area median).
Distribution: Ensure that every type of community has access to fund and encourage regional collaboration.
Mixed Income: Assure that extremely low- income households are not segregated from other income groups by utilizing trust fund dollars in conjunction with other funds to support new multifamily, mixed income housing developments.
Compatibility with other housing programs: Ensure compatibility with other public housing dollars (Low Income Housing Tax Credits, private activity bonds, CDBG, HOME, Section 8, public housing, United States Department of Agriculture rural housing programs) and other forms of assistance.
The NLIHC estimates that Congressman Frank will introduce a bill to create the National Housing Trust Fund sometime this Spring.
Contact Arnold Cohen or 609-393-3752, ext.16 with any questions.