Housing trust fund

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded the Hawaii Housing Finance and Development Corporation $3,134,373.20 through the Housing Trust Fund formula grant program on September 16, 2025. The funds support the production, preservation, and rehabilitation of rental housing for extremely low-income and very low-income households at or below 30 percent of area median income across Hawaii. Performance runs through September 16, 2032, with place of performance in Honolulu, Hawaii. The award is a formula grant (CFDA 14.275) distributed to eligible states to expand and preserve affordable rental housing supply. Grantees must submit HTF allocation plans as part of their annual action plans no later than August 16, 2026, and comply with 24 CFR Part 91 requirements. Once drawn down, funds must be expended within fifteen days; all funds must be committed to projects within 24 months and expended within five years. Records documenting program compliance must be retained for the most recent five-year period, with affordability documentation maintained for five years beyond the required period of affordability.