Housing trust fund

The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development awarded the Puerto Rico Housing Finance Authority $688,461.35 under the Housing Trust Fund (CFDA 14.275) on September 22, 2025. The Housing Trust Fund program expands and preserves the supply of affordable housing, particularly rental housing, for extremely low-income and very low-income households through formula allocations to states and insular areas. The Puerto Rico Housing Finance Authority, operating through its Multifamily Housing Finance and Development Division, finances affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and construction of rental housing, and tenant-based rental assistance. At least 80 percent of Housing Trust Fund activities must support rental housing for extremely low-income and very low-income households. The award has a period of performance from September 22, 2025, through September 22, 2032, with place of performance at 791 Street C, San Juan, Puerto Rico 00920. The Authority must commit all funds to projects within 24 months and expend them within 5 years. An HTF allocation plan must be submitted no later than August 16, 2026, as part of the annual action plan.