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Housing Trust Fund
Related Programs14.239 Home Investment Partnerships Program
The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.
Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.
Selected Recipients for this Program
| Recipient | Amount | Start Date | End Date | |
| Wyoming Community Development Authority | $ 3,000,000 | 2021-03-25 | 2027-09-01 | |
| Florida Housing Finance Corporation | $ 14,371,181 | 2021-03-26 | 2027-09-01 | |
| Mississippi Home Corporation | $ 3,000,000 | 2021-03-30 | 2027-09-01 | |
| Administration, Wisconsin Department Of | $ 4,860,636 | 2021-03-15 | 2027-09-01 | |
| Commonwealth Of Kentucky - Department For Local Government | $ 3,152,170 | 2021-01-15 | 2027-09-01 | |
| Missouri Department Of Economic Development | $ 4,668,023 | 2021-01-11 | 2027-09-01 | |
| Housing And Community Development, Massachusetts Department Of | $ 7,039,756 | 2021-01-07 | 2027-09-01 | |
| Housing Authority, Delaware State | $ 3,000,000 | 2020-09-24 | 2027-09-01 | |
| South Dakota Housing Development Authority | $ 3,000,000 | 2020-08-31 | 2027-09-01 | |
| North Carolina Housing Finance Agency | $ 7,251,897 | 2020-09-02 | 2027-09-01 |
Program Accomplishments
Not Applicable.
Uses and Use Restrictions
For use by States for the rehabilitation or new construction of rental and homebuyer housing.
Funds may be used for new construction or rehabilitation of public housing although several restrictions apply.
Eighty percent must be used for rental housing, and up to 10 percent may be used for homebuyers, see regulations 24 CFR 93.203.
There are several prohibited activities and fees that apply also, see regulations 24 CFR 93.204.
Ten percent of funds may be used for administrative costs although several restrictions apply, see regulations 24 CFR 93.202.
Eligibility Requirements
Applicant Eligibility
States as defined in 24 CFR 93.2 are eligible to receive formula allocations.
Insular areas also may receive formula funds.
Beneficiary Eligibility
At least 75 percent of funds must be used for extremely low-income families, or families with incomes at or below the poverty line (whichever is greater), unless the allocation is below $1 billion, at which point 100 percent of the funds must be used for extremely low-income families.
Credentials/Documentation
States must certify they will meet program requirements. 2 CFR 200, Subpart E - Cost Principles applies to this program.
Aplication and Award Process
Preapplication Coordination
Grantees are required to comply with the requirements of 24 CFR Part 91.
Environmental impact information is not required for this program.
This program is excluded from coverage under E.O.
12372.
Application Procedures
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program.
Award Procedures
The responsible HUD Field Office notifies grantees of the formula awards. HUD prepares the grant agreement for signature.
Deadlines
Contact the headquarters or regional office, as appropriate, for application deadlines.
Authorization
The Housing and Economic Recovery Act of 2008, Section 1131, Public Law 110-289.
Range of Approval/Disapproval Time
HTF allocation plans must be submitted by August 16, 2017.
Appeals
Not Applicable.
Renewals
Each year grantees are required to submit an HTF allocation plan as part of their annual action plan and certifications.
Assistance Considerations
Formula and Matching Requirements
Statutory Formula: Part 93, Subpart B, Public Law 110-289. This program has no matching requirements. This program does not have MOE requirements.
Length and Time Phasing of Assistance
Once drawn down, funds must be expended within fifteen days. All funds must be committed to projects within 24 months and expended within 5 years. See the following for information on how assistance is awarded/released: Funds are expended as needed to complete the project.
Post Assistance Requirements
Reports
Program reports are not applicable.
Cash reports are not applicable.
Progress reports are not applicable.
Expenditure reports are not applicable.
HTF grantees are required to report financial information and programmatic accomplishments in HUD's integrated disbursement and Information data system.
The HUD Field Office will conduct monitoring of projects.
Audits
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503.
Records
Records which enable HUD to determine whether the Housing Trust Fund has met the requirements of the program must be kept for the most recent five year period. Those records required to document the period of affordability must be maintained for five years beyond the required period of affordability.
Financial Information
Account Identification
86-8560-4-2-604.
Obigations
(Formula Grants) FY 16 $3,000,000; FY 17 est $191,176,000; and FY 18 est $213,849,000
Range and Average of Financial Assistance
$7,771 to $23,228,115; average is $3,913,721.
Regulations, Guidelines, and Literature
24 CFR Part 93.
Information Contacts
Regional or Local Office
See Regional Agency Offices. Contact appropriate HUD Field Office listed in Appendix IV of the Catalog.
Headquarters Office
Peter Huber 451 7th Street SW, room 7164, Washington, District of Columbia 20410 Email: Peter.H.Huber@hud.gov Phone: 202-402-3941 Fax: 202-708-1744
Criteria for Selecting Proposals
Not Applicable.
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