Housing Trust Fund
Active
- Assistance listing
- 14.275
- Agency
-
Assistant Secretary for Community Planning and Development
Department of Housing and Urban Development
- Grant awards
- 536 $3,435,040,922 in federal obligations
Program facts
- Assistance type
-
- Formula Grant
- Treasury account
-
- 86-8560-4-2-604
- More information
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The Department of Housing and Urban Development Assistant Secretary for Community Planning and Development funds production, preservation, and rehabilitation of rental housing for extremely low-income and very low-income households under the Housing Trust Fund (CFDA 14.275), with the most recent grant award on March 27, 2026.
The program operates as a need-based formula grant exclusively, distributing funds to the 50 states, the District of Columbia, Puerto Rico, the Northern Mariana Islands, Guam, the Virgin Islands, and American Samoa. Grantees must allocate at least 80 percent of annual awards to rental housing; up to 10 percent may support homeownership activities and up to 10 percent for administrative and planning costs. Grantees may also use up to 30 percent of funds to operate rental housing acquired, constructed, or rehabilitated with HTF dollars. Recipients provide assistance through grants, equity investments, or interest-bearing or non-interest-bearing loans to acquire, newly construct, or rehabilitate affordable rental units for households at or below 30 percent of area median income or the federal poverty line, whichever is greater. 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.
Recent activity is strong and consistent. The program has distributed 536 awards totaling $3.44 billion since 2016, averaging 52 awards annually over the past five years (45 awards in 2025; 8 through March 2026 year-to-date). Recent awards range from $688 thousand to $23.4 million, with typical awards in the $3 million to $5 million range. Representative recent awards include $8.5 million to support rental housing acquisition and rehabilitation in one state (February 2026), $23.4 million to another state (September 2025), and $21.5 million to a third state (September 2024).
Funding derives from contributions by Fannie Mae and Freddie Mac rather than annual congressional appropriations, providing program stability independent of annual appropriations cycles. Grantees must submit HTF allocation plans as part of annual action plans with a deadline of August 16, 2026, and maintain records documenting compliance for five years following the required affordability period.
No recent grant opportunities have been posted; this is a formula-allocation program with no competitive solicitation cycle.
Objective and description
- Objective
To expand and preserve the supply of affordable housing, particularly rental housing, for extremely low-income and very low income households.
- Description
To provide states by formula, funds for the production, preservation, and rehabilitation of rental housing for extremely low-income households
Eligibility
- Applicant eligibility
States as defined in 24 CFR 93.2 are eligible to receive formula allocations. Insular areas (U.S. territories) also may receive formula funds.
- Beneficiary eligibility
At least 75 percent of funds must be used for extremely low-income families, or families with incomes at or below the poverty line (whichever is greater), unless the allocation is below $1 billion, at which point 100 percent of the funds must be used for extremely low-income families.
- Uses of assistance
For use by States for the rehabilitation or new construction of rental and homebuyer housing.
- Use restrictions
Funds eligibility is defined in 24 CFR part 93
- Length and time phasing of assistance
Once drawn down, funds must be expended within fifteen days. All funds must be committed to projects within 24 months and expended within 5 years.
How to apply
- Preapplication coordination
Grantees are required to comply with the requirements of 24 CFR Part 91.
- Criteria for selecting proposals
A grantee's Consolidate Plan and Annual Action Plan are reviewed according to criteria set forth in 24 CFR 91.
- Award procedure
The responsible HUD Field Office notifies grantees of the formula awards. HUD prepares the grant agreement for signature.
- Time to approval or disapproval
HTF allocation plans must be submitted no later than August 16, 2026.
- Renewals
Each year grantees are required to submit an HTF allocation plan as part of their annual action plan and certifications.
Grant awards
Latest 10 of 536 listed here. See the rest on GovTribe.
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Department Of Housing & Community Development | $509,799,848 | 15% |
| 2 | New York State Housing Finance Agency | $285,664,940 | 8% |
| 3 | Texas Department Of Housing & Community Affairs | $176,531,631 | 5% |
| 4 | Florida Housing Finance Corporation | $143,234,486 | 4% |
| 5 | Illinois Housing Development Authority | $133,934,427 | 4% |
| 6 | New Jersey Dept Of Community Affairs | $108,588,835 | 3% |
| 7 | Department Of Community & Economic Development Pennsylvania | $104,584,848 | 3% |
| 8 | Ohio Department Of Development | $94,774,798 | 3% |
| 9 | North Carolina Housing Finance Agency | $81,734,985 | 2% |
| 10 | Michigan State Housing Development Authority | $80,170,313 | 2% |
10 of 68 recipients listed here. See the rest on GovTribe.
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2026 | $63,574,822 |
| FY2025 | $179,809,086 |
| FY2024 | $205,581,717 |
| FY2023 | $686,556,606 |
| FY2022 | $486,484,483 |
| FY2021 | $691,896,019 |
| FY2020 | $281,731,908 |
| FY2019 | $309,911,500 |
| FY2018 | $309,410,872 |
| FY2017 | $217,083,912 |
| FY2016 | $3,000,000 |
Show all 11
Quick answers
What is Assistance Listing 14.275?
Assistance Listing 14.275 is Housing Trust Fund, a federal grant program run by Assistant Secretary for Community Planning and Development (Department of Housing and Urban Development).
What is the CFDA number for Housing Trust Fund?
Its CFDA number is 14.275: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 14.275 awarded?
536 grant awards under 14.275 have obligated $3,435,040,922 in federal funds to 68 recipients.
Who receives the most funding from 14.275?
The recipients obligated the most under Housing Trust Fund are Department Of Housing & Community Development ($509,799,848), New York State Housing Finance Agency ($285,664,940) and Texas Department Of Housing & Community Affairs ($176,531,631).
How much did 14.275 obligate in fiscal year 2025?
Grants under 14.275 obligated $179,809,086 in federal funds in fiscal year 2025.
On GovTribe
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