“Today, we offer another tool to help states confront a growing affordable rental housing crisis in this country,” said HUD Secretary Julián Castro. “The Housing Trust Fund will be an enduring resource designed to producing more housing that is affordable to our most vulnerable neighbors.”
Noting many families who work hard still cannot meet their rent, Sen. Jack Reed (RI-D), who wrote the 2008 law establishing the trust fund, said, “ A healthy housing market is key to vibrant communities and future economic growth, and these federal funds will help states expand the supply of affordable homes and strengthen our communities.”
Diane Yentel, President and Chief Executive Officer of the National Low Income Housing Coalition, added, “Today is an historic day for millions of Americans who struggle to find affordable housing. We look forward to working with the administration and our state partners as we put these dollars to work building affordable homes for the lowest income people.”
Each state will be allocated a minimum of $3 million.
ed. note: The portal.hud.gov does not indicate if funds can or cannot be used for manufactured housing (MH). One might think since HUD administers the MH program, and allegedly promotes it as affordable housing, that Housing Trust Funds could be used to acquire quality, affordable, safe MH. ##
(Photo credit: Manufactured Housing Institute–manufactured housing under construction)
