This story was originally published on ARCHITECT's sister site, Affordable Housing Finance.
States will be receiving a combined $382 million through the National Housing Trust Fund, announced the Department of Housing and Urban Development.
The funds can be used to help increase and preserve affordable housing for extremely low- and very low-income households, including people experiencing homelessness. Eligible activities include real property acquisition, site improvements and development hard costs, related soft costs, demolition, financing costs, relocation assistance, operating cost assistance for rental housing (up to 30% of each grant), and reasonable administrative and planning costs.
The Housing Trust Fund is a formula-based program for states and U.S. territories. By law, each state is allocated a minimum of $3 million.
The Housing Trust Fund is capitalized through contributions made by Fannie Mae and Freddie Mac. In December 2014, the Federal Housing Finance Agency directed the government-sponsored enterprises to begin setting aside and allocating funds to the Housing Trust Fund.
| FY 2023 Housing Trust Fund Formula Allocations | ||
| Name | ST | FY23 GA |
| State of Alabama | AL | $3,468,012 |
| State of Alaska | AK | $3,066,413 |
| State of Arizona | AZ | $6,176,374 |
| State of Arkansas | AR | $3,000,537 |
| State of California | CA | $62,249,056 |
| State of Colorado | CO | $5,587,889 |
| State of Connecticut | CT | $4,510,425 |
| State of Delaware | DE | $3,066,413 |
| District of Columbia | DC | $3,066,413 |
| State of Florida | FL | $18,860,873 |
| State of Georgia | GA | $9,289,520 |
| State of Hawaii | HI | $3,066,413 |
| State of Idaho | ID | $3,066,413 |
| State of Illinois | IL | $14,528,244 |
| State of Indiana | IN | $5,391,554 |
| State of Iowa | IA | $3,066,414 |
| State of Kansas | KS | $3,066,414 |
| Commonwealth of Kentucky | KY | $3,515,069 |
| State of Louisiana | LA | $4,515,321 |
| State of Maine | ME | $3,066,413 |
| State of Maryland | MD | $5,428,249 |
| Commonwealth of Massachusetts | MA | $8,664,498 |
| State of Michigan | MI | $8,567,551 |
| State of Minnesota | MN | $4,881,843 |
| State of Mississippi | MS | $3,000,537 |
| State of Missouri | MO | $5,346,518 |
| State of Montana | MT | $3,066,413 |
| State of Nebraska | NE | $3,066,413 |
| State of Nevada | NV | $3,992,365 |
| State of New Hampshire | NH | $3,066,413 |
| State of New Jersey | NJ | $12,237,784 |
| State of New Mexico | NM | $3,066,413 |
| State of New York | NY | $34,734,755 |
| State of North Carolina | NC | $9,349,939 |
| State of North Dakota | ND | $3,066,413 |
| State of Ohio | OH | $10,420,277 |
| State of Oklahoma | OK | $3,066,414 |
| State of Oregon | OR | $5,468,942 |
| Commonwealth of Pennsylvania | PA | $12,081,840 |
| State of Rhode Island | RI | $3,066,413 |
| State of South Carolina | SC | $4,254,878 |
| State of South Dakota | SD | $3,000,537 |
| State of Tennessee | TN | $5,290,023 |
| State of Texas | TX | $22,394,219 |
| State of Utah | UT | $3,066,413 |
| State of Vermont | VT | $3,066,413 |
| Commonwealth of Virginia | VA | $7,563,732 |
| State of Washington | WA | $8,377,580 |
| State of West Virginia | WV | $3,066,413 |
| State of Wisconsin | WI | $5,527,246 |
| State of Wyoming | WY | $3,066,413 |
| Guam | GU | $157,107 |
| Northern Mariana Islands | MP | $76,533 |
| Commonwealth of Puerto Rico | PR | $2,037,322 |
| Virgin Islands | VI | $152,727 |
This story was originally published on ARCHITECT's sister site, Affordable Housing Finance.
