Make NJ Homes Affordable!

Keep NHTF in the House Appropriations Bill

Rodney FrelinghuysenThe proposed FY 2016 House appropriations bill for the U.S. Dept. of Housing and Urban Development (HUD) passed April 29, 2015 by the House Appropriations Subcommittee on Transportation, Housing and Urban Development (THUD) would remove essential components of the National Housing Trust Fund (NHTF)

The House bill:

  • Transfers all funding that is supposed to go to the National Housing Trust Fund (NHTF) into the HOME program and
  • Forbids Congress to put any other funding into NHTF.

Please urge Congressman Rodney Frelinghuysen, who sits on the House Appropriations Committee, to oppose the bill’s treatment of the NHTF and remove all NHTF references when the bill is marked up in full committee after the recess. You can reach out to his DC office by calling (202) 225-5034 or emailing Tom Doelp on his staff before Tuesday, May 12, 2015.

The House Appropriations Committee will consider the THUD bill when they reconvene after their recess next week.

Key talking points that you can use include:

  • The NHTF is the only federal program that provides new money specifically to expand the supply of rental housing that is affordable for extremely low-income (ELI) households. Nationwide, there is a shortage of 7.1 million rental-housing units that are available and affordable for ELI families.
  • The funding for the NHTF is a dedicated source of revenue on the mandatory side of the federal budget, and as such, is not subject to annual appropriations. It is based on an assessment of 4.2 basis points of the annual volume of business of Fannie Mae and Freddie Mac. This is a reliable, predictable stream of funding that is supposed to be separate from HUD appropriations. It is not subject to sequestration.
  • The NHTF is not funded anywhere near what is required to address the unmet housing need.