Department of Housing and Urban Development | Housing Trust Fund re: increase and preserve the supply of rental housing for extremely low- and very low-income families...
Wall Street is in the rental business now.
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 24 CFR Parts 91 and 93 [Docket No. FR–5246–I–03] RIN 2506–AC30 Housing Trust Fund AGENCY: Office of the Assistant Secretary for Community Planning and Development, HUD. ACTION: Interim rule. SUMMARY: The Housing and Economic Recovery Act of 2008 (HERA) establishes a Housing Trust Fund (HTF) to be administered by HUD. The purpose of the HTF is to provide grants to State governments 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. This rule establishes the regulations that will govern the HTF. HUD is issuing this rule as an interim rule. It is HUD’s intention to open this interim rule for public comment to solicit comments once funding is available and the grantees gain experience administering the HTF program. DATES: Effective: March 31, 2015. FOR FURTHER INFORMATION CONTACT: Marcia Sigal, Director, Program Policy Division, Office of Affordable Housing Programs, Office of Community Planning and Development, Department of Housing and Urban Development, 451 7th Street SW., Room 7164, Washington, DC 20410; telephone number 202–708–2684 (this is not a tollfree number). Persons with hearing or speech impairments may access this number through TTY by calling the tollfree Federal Relay Service at 800–877– 8389.
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