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HUD Allocates $266 Million for Housing Trust Fund

6 Jun 2018 2:28 PM | Steve Wallace (Administrator)
On June 5th, the latest edition of the Federal Register was published, and established that the latest allocations by HUD for the Housing Trust Fund are to be set at $266 million for FY 2018. Funds from this pot are to be awarded to all fifty states plus the District of Columbia and the five territories. The purpose of these funds is to increase the supply nationwide of affordable rental housing for families earning less than 30% AMI, as well as to increase rates of home-ownership for families in the extremely low and low-income brackets.

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