NHTF Will Provide Funding for Affordable
Rental Housing For Low-Income and Homeless
The State of New Jersey has notified the U.S. Dept. of Housing and Urban Development (HUD) that the NJ Dept. of Community Affairs will be the designated entity chosen to be the National Housing Trust Fund (NHTF) grantee.
The NHTF will, once capitalized, provide communities with funds to build, preserve, and rehabilitate rental homes that are affordable for extremely and very low income households.
As background, on February 13, 2015, HUD posted an FAQ on the HUD Exchange website stating that states should send a notification letter to the HUD Secretary indicating the state department or agency or state-designated entity that will administer the NHTF.
The FAQ was later modified to require notification be sent to Secretary Julián Castro. On April 10,2015, the FAQ was further modified, requesting specific contact information about the contact person.
The modified FAQ also adds that only one state department or agency or state-designated entity can be designated as the NHTF grantee.
Click here for the HUD list of NHTF designated agencies.
Click here for the modified FAQ.