National Housing Trust Fund
National Housing Trust Fund (HTF)
The National Housing Trust Fund Program (HTF) was created by Title I of the Housing and Economic Recovery Act of 2008, Section 1131 (Public Law 110-289). The purpose of the HTF is to provide grants to State governments to increase and preserve the supply of decent, safe, and sanitary affordable housing primarily for extremely low-income households (30% AMI), including homeless families.
The Hawaii Housing Finance and Development Corporation (HHFDC) has been designated by the Governor, as the HTF Grantee for the State of Hawaii. Due to the state’s need and the HTF program’s focus on rental housing for extremely low-income households, HHFDC has limited the use of HTF funds for rental housing only. Eligible activities include: acquisition, new construction, reconstruction, or rehabilitation of non-luxury housing with suitable amenities.
Since 2016, HHFDC has received HTF funding in the amount of $3,000,000 each year. States may choose to fund projects through one or more subgrantees or may directly fund projects. A subgrantee is a unit of general local government (such as the counties) that has a consolidated plan which includes an HTF allocation plan. HHFDC allocates its HTF program funds in all counties, including the City and County of Honolulu, for the development or preservation of affordable rental housing for households with incomes at or below 30% AMI.
For more information, you can go to: https://www.hudexchange.info/programs/htf/