Housing Trust Fund to receive estimated $739.6 million
Recent data submitted to the U.S. Securities and Exchange Commission indicates the national Housing Trust Fund (HTF) will receive an estimated $739.6 million in 2022.
The estimate, based on 10-K forms recently submitted by Fannie Mae and Freddie Mac, would be an increase from the $689.7 million in 2021.
According to the U.S. Department of Housing and Urban Development, “HTF funds may be used for the production or preservation of affordable housing through the acquisition, new construction, reconstruction, and/or rehabilitation of non-luxury housing with suitable amenities.” Funds are distributed as block grants to states using a formula based on four factors that only consider renter household needs.
The Federal Housing Finance Agency is expected to announce total amounts available for the HTF in March.
Fannie Mae’s 10-K can be found at https://www.fanniemae.com/media/42821/display.
Freddie Mac’s 10-K can be found at http://www.freddiemac.com/investors/financials/pdf/10k_021022.pdf.