Nhtf.org
Title
The National Housing Trust Fund Campaign
Description
Goals and Objectives. A National Housing Trust Fund should be established to serve as a source of revenue for the production of new housing, and the preservation or rehabilitation of existing housing that is affordable for low income people. The goal of the National Housing Trust Fund should be to produce, rehabilitate, and preserve 1,500,000 units of housing over the next 10 years.
Dedicated sources of capital. The Trust Fund should be capitalized with ongoing, permanent, dedicated and sufficient sources of revenue to meet the goal of 1,500,000 housing units over the next decade. The funds used to capitalize the National Housing Trust Fund shall not be those that are currently funding other federal housing programs. The establishment of a National Housing Trust Fund is intended to generate new, additional dollars for housing and all other housing and community development funding should be at least at a maintenance of effort level.
Eligible activities. The Trust Fund should be used for the production of new housing, preservation of existing federally assisted housing, and rehabilitation of existing private market affordable housing. The Trust Fund should be primarily used for rental housing. We support allowing up to 25% of funds to be used for homeownership activities, so long as low income people are served. Funds can be used for both grants and loans. Cooperatives are eligible uses of Trust Fund dollars in all cases as long as income targeting requirements are met.
