HUD encourages States to engage with their stakeholders through informal meetings or planning sessions that inform design of their HTF program
Tenant Talk reminds tenants to get involved with the required public participation for deciding how their state should use the NHTF.
Up to 10% of a state’s National Housing Trust Fund (NHTF) allocation can be used for homeownership activities.
Sixty-four percent of NJ voters surveyed expressed support for increasing federal funding for affordable home development to end homelessness.
A unique feature of the NHTF is that it can be used to provide operating cost assistance to help a project remain financially healthy for 30 years.
NHTF targets the funds for households with incomes less than 30% of the area median income for example $18,150 for a 3-person family in Atlantic City.
On June 22, 2015, the U.S. Dept. of Housing and Urban Development (HUD) posted three new National Housing Trust Fund (NHTF) resources.
The Senate cuts to HOME and the House raid of the NHTF are the direct result of the 2011 Budget Control Act’s sequester spending caps.
Donald Norcross (D-NJ-1), Donald Payne, Jr. (D-NJ-10) and Congresswoman Bonnie Watson Coleman (D-NJ-12) co-sponsored Pathways Out of Poverty Act.
The National Low Income Housing Coalition’s (NLIHC’s) Ed Gramlich will help you navigate the regulations implementing the NHTF with videos.