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|National Housing Trust Fund
The National Housing Trust Fund (HTF) is a new federal affordable housing production program that will complement existing Federal, State, and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low- and very low-income households, including homeless families and individuals.
Funding for the HTF comes from an assessment on loans made by Freddie Mae and Fannie Mac. The HTF was established under Title I of the Housing and Economic Recovery Act of 2008, Section 1131 (Public Law 110-289). On January 30, 2015, HUD published an interim rule (FR-5246-I-03 and at 24 CFR Parts 91 and 93) which provides the guidelines for States to implement the HTF. HUD plans to issue a final rule for the HTF after states have had experience administering the program and are able to offer comments regarding the initial implementation.
The HTF regulations are modeled on the HOME Program, but there are several key differences. Most importantly, HTF has deeper income targeting, lower rent requirements, and a longer minimum affordability period. The State of Vermont has selected the Vermont Housing and Conservation Board (VHCB) as the State Designated Entity (SDE) to administer the program, in accordance with VSA Title 10, Chapter 015, Subchapter 003, §321.
For more information, please see the links below or contact Willa Davidian, Director of Federal Housing Programs by calling 802-828-5061 or by email to: willa(at)vhcb.org
2016 Vermont HTF Allocation Plan