Housing trust fund

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the State of Alaska $3.134 million under the Housing Trust Fund (CFDA 14.275) on September 15, 2025, for production and rehabilitation of rental housing for extremely low-income households. The award obligates $3,134,373.20 and extends through September 15, 2032.

The recipient must use at least 80 percent of annual grant proceeds for rental housing acquisition, construction, or rehabilitation; may allocate up to 10 percent for homeownership and up to 10 percent for reasonable administrative and planning costs; and may use up to 30 percent for operation of rental housing acquired, constructed, or rehabilitated with Housing Trust Fund funds. Assistance takes the form of grants, equity investments, or interest-bearing or non-interest-bearing loans. Grantees must target households with incomes at or below 30 percent of area median income or the federal poverty line, whichever is greater.

Place of performance is Juneau, Alaska. Alaska, administering the award through its Office of the Governor, must commit all funds to projects within 24 months and expend them within five years. The Housing Trust Fund is administered by HUD and funded through contributions from Fannie Mae and Freddie Mac rather than through congressional appropriations.