National Housing Trust Fund: Difference between revisions
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The '''National Housing Trust Fund''' (NHTF) is a federal program from the government of [[Nouvelle Alexandrie]], that provides funding to build, presrve, and rehabilitate affordable rental housing for low-income households. It is administered by the [[Department of Housing and Urban Development (Nouvelle Alexandrie)|Department of Housing and Urban Development]]. | {{Nouvelle Alexandrie Article}} The '''National Housing Trust Fund''' (NHTF) is a federal program from the government of [[Nouvelle Alexandrie]], that provides funding to build, presrve, and rehabilitate affordable rental housing for low-income households. It is administered by the [[Department of Housing and Urban Development (Nouvelle Alexandrie)|Department of Housing and Urban Development]]. | ||
The NHTF is funded through contributions from Mortgage companies, which are required to set apart 2% of their annual profits for the NHTF. The fund is used for a wide variety of activities related to the development and preservation of affordable rental housing, including: | The NHTF is funded through contributions from Mortgage companies, which are required to set apart 2% of their annual profits for the NHTF. The fund is used for a wide variety of activities related to the development and preservation of affordable rental housing, including: | ||
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The NHTF works in collaboration with other existing federal affordable housing programs, but is targeted at households in extreme poverty: those at or below 30% of the area median income. | The NHTF works in collaboration with other existing federal affordable housing programs, but is targeted at households in extreme poverty: those at or below 30% of the area median income. | ||
[[Category:Politics of Nouvelle Alexandrie]] | |||
Revision as of 15:02, 30 April 2023
The National Housing Trust Fund (NHTF) is a federal program from the government of Nouvelle Alexandrie, that provides funding to build, presrve, and rehabilitate affordable rental housing for low-income households. It is administered by the Department of Housing and Urban Development.
The NHTF is funded through contributions from Mortgage companies, which are required to set apart 2% of their annual profits for the NHTF. The fund is used for a wide variety of activities related to the development and preservation of affordable rental housing, including:
- The Low-Income Housing Expansion Program, which builds new rental housing units that are affordable to extremely and very low-income households;
- The Rental Rehabilitation Program, which rehabilitates and preserves housing units for extremely and very low-income households;
- The Federal Rental Assistance Program, which provides both tenant-based and project-based rental assistance to the extremely and very low-income households.
The NHTF works in collaboration with other existing federal affordable housing programs, but is targeted at households in extreme poverty: those at or below 30% of the area median income.
