The National Housing Trust Fund Program (NHTF), funded by the Department of Housing and Urban Development (HUD) provides funding to build or rehabilitate housing that supports extremely low and very low-income households. According to HUD, 90% of NHTF’s funding is centered on repairing, preserving and developing rental housing and the remaining 10% of funding is used to assist with homeownership services.
Eligible activities
Eligible activities for the funds include:
– fresh construction
– restoration
– acquisition of property
– rehabilitation
– financing expenses
– relocation expenses
Who are the Eligible Applicants
– Non-profit developers
– on the For-profit developers may also receive funding when they partner with non-profit developer who is receiving funding through the program.
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