The Housing and Economic Recovery Act of 2008 established the Housing Trust Fund (HTF) to provide grants to states to increase and preserve the supply of rental housing for extremely low- and very low-income families, including homeless families, and to increase homeownership for extremely low- and very low-income families. In addition to administering the Housing Trust Fund, HUD is charged with establishing (through regulation) the formula for distributing HTF resources to the states. The statute specifies certain factors that are to be part of the allocation formula and assigns priority. The proposed rule is available at http://bit.ly/NTFrule. Iinterested parties can submit comments or suggestions online through February 2, 2010 at http://bit.ly/NHTFwritten
HUD’s Office of Policy Development and Research recently released Regulatory Impact Analysis for the Housing Trust Fund, which discusses the regulatory impact of the HTF. This Analysis meets the requirements of Executive Order 12866 to prepare an impact analysis (for review by the Office of Management and Budget) of any regulation projected to have an annual economic impact of $100 million or more. It is available to our readers and the general public as a free download. 