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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
State of AlabamaAL$3,468,012
State of AlaskaAK$3,066,413
State of ArizonaAZ$6,176,374
State of ArkansasAR$3,000,537
State of CaliforniaCA$62,249,056
State of ColoradoCO$5,587,889
State of ConnecticutCT$4,510,425
State of DelawareDE$3,066,413
District of ColumbiaDC$3,066,413
State of FloridaFL$18,860,873
State of GeorgiaGA$9,289,520
State of HawaiiHI$3,066,413
State of IdahoID$3,066,413
State of IllinoisIL$14,528,244
State of IndianaIN$5,391,554
State of IowaIA$3,066,414
State of KansasKS$3,066,414
Commonwealth of KentuckyKY$3,515,069
State of LouisianaLA$4,515,321
State of MaineME$3,066,413
State of MarylandMD$5,428,249
Commonwealth of MassachusettsMA$8,664,498
State of MichiganMI$8,567,551
State of MinnesotaMN$4,881,843
State of MississippiMS$3,000,537
State of MissouriMO$5,346,518
State of MontanaMT$3,066,413
State of NebraskaNE$3,066,413
State of NevadaNV$3,992,365
State of New HampshireNH$3,066,413
State of New JerseyNJ$12,237,784
State of New MexicoNM$3,066,413
State of New YorkNY$34,734,755
State of North CarolinaNC$9,349,939
State of North DakotaND$3,066,413
State of OhioOH$10,420,277
State of OklahomaOK$3,066,414
State of OregonOR$5,468,942
Commonwealth of PennsylvaniaPA$12,081,840
State of Rhode IslandRI$3,066,413
State of South CarolinaSC$4,254,878
State of South DakotaSD$3,000,537
State of TennesseeTN$5,290,023
State of TexasTX$22,394,219
State of UtahUT$3,066,413
State of VermontVT$3,066,413
Commonwealth of VirginiaVA$7,563,732
State of WashingtonWA$8,377,580
State of West VirginiaWV$3,066,413
State of WisconsinWI$5,527,246
State of WyomingWY$3,066,413
Northern Mariana IslandsMP$76,533
Commonwealth of Puerto RicoPR$2,037,322
Virgin IslandsVI$152,727

This story was originally published on ARCHITECT's sister site, Affordable Housing Finance.