The Recovery Act of 2008 establishes a Housing Trust Fund (HTF) to be administered by HUD. The purpose of the fund is 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. HUD is charged with establishing through regulation the formula for the distribution of the Housing Trust Fund to States. The statute specifies that only certain factors are to be part of the formula, and assigns priority to certain factors. This proposed rule submits the proposed formula for allocating funds from the HTF for public comment. HUD has attempted to minimize the regulatory burden imposed for all entities participating in the HTF and specifically invites comments regarding any less burdensome alternatives to this rule that will meet HUD’s objectives as described by the Housing and Economic Recovery Act of 2008.
Comment due date: February 2, 2010
Proposed rule: http://edocket.access.gpo.gov/2009/pdf/E9-28984.pdf
Regulatory Impact Analysis: /portal/publications/pdf/5246__RIA_for_HTF_Proposed_Rule1_final.pdf
Submit comments on proposed rule: http://www.regulations.gov/search/Regs/home.html#submitComment?R=0900006480a62bd9