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In 2008, Congress authorized a National Housing Trust Fund as part of the Housing and Economic Recovery Act (HERA), signed into law by President George W. Bush. The Trust Fund is intended to complement existing federal funding sources for affordable housing.
The National Housing Trust Fund was passed as part of the Housing and Economic Recovery Act of 2008. In 2016, the trust fund started providing grants to states to increase the supply of rental housing for extremely low income households. [9] NLIHC continues to advocate for increased financial support to the National Housing Trust Fund. [10]
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
Clay is known for his work in U.S. housing policy and community-based development. In a 1987 study commissioned by the Neighborhood Reinvestment Corporation, Clay identified the market and institutional conditions contributing to the erosion of low-income rental housing and documented the need for a national preservation policy. He later served ...
Frank has been a chief advocate of the National Housing Trust Fund, [19] which was created as part of the Housing and Economic Recovery Act of 2008 and was the first affordable housing program to be enacted by the Congress since 1990. [76]
The down payment can help fund new housing or the rehabilitation of a family's existing housing. [2] Building or rehabilitation of housing for rent or ownership – In this type of activity, HOME funds may fund the building of housing units that the government provides to low-income families. The families either pay a monthly rent or may ...
The National Community Stabilization Trust (NCST or Stabilization Trust) is a Washington, D.C.–based non-profit organization that facilitates the transfer of foreclosed and abandoned properties from financial institutions nationwide to local housing organizations to promote property reuse and neighborhood stability.
National Alliance to End Homelessness, a nonprofit organization that promotes measures to end homelessness in the United States; National Coalition for Homeless Veterans; The National Law Center on Homelessness and Poverty; New York City Department of Homeless Services; Notting Hill Housing Trust; Top of page