A housing trust fund (HTF) is a fund that a city, county, or state creates to support affordable housing development. HTF funding reduces building costs, so that developers are able to charge less to sell or rent housing. Those who receive funding agree to keep prices affordable for lower income households for a certain length of time.
Housing trust funds have become a common way to support the development of affordable homes. There are over 550 housing trust funds nationally. You can find out more about HTFs at our web page and at http://communitychange.org/our-projects/htf. Or post a question if you have one, and we'll reply.
Thursday, March 5, 2009
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