HUD Allocates $266 Million to Housing Trust Fund

Monday, June 4, 2018 - 10:45am

The U.S. Department of Housing and Urban Development (HUD) will publish Tuesday in the Federal Register its $266 million in Housing Trust Fund 2018 allocations. HUD’s allocations go to all 50 states, plus the District of Columbia and five territories. State awards range from $36.6 million to California to the small-state minimum of $3 million to 24 states and the District of Columbia, with the territories receiving less. The funds are to increase the supply of rental housing for families with incomes of less than 30 percent of the area median income and to increase home ownership for extremely low-income and low-income families. The set-aside is equal to 4.2 basis points of Fannie Mae and Freddie Mac’s new mortgage purchases.