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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]
The U.S. Housing and Urban Development (HUD) Department is responsible for administering the National Housing Trust Fund. When funded, states or their designated entities (for example, Housing Finance Commissions) are eligible to receive funding through formula grants based on population and need.
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National Housing Finance and Investments Limited was established in August 1998 under the Companies Act, 1994. [5] It and International Leasing and Financial Services Limited were founded by Rezaur Rahman, son of A. F. Mujibur Rahman, with funds from Shaw Wallace Bangladesh Limited and Mohammed Matiul Islam, former Finance Secretary of Bangladesh.
National Housing Bank (NHB), is a regulatory body for overall regulation and licensing of housing finance companies in India. It is under the jurisdiction of Ministry of Finance, Government of India. [2] [3] It was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB states it has been established with an objective to operate as ...