Housing Trust Fund Federal Register Allocation Notice; Fiscal Year 2021, 20515 [2021-08022]
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[Federal Register Volume 86, Number 74 (Tuesday, April 20, 2021)] [Notices] [Page 20515] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2021-08022] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR-6262-N-01] Housing Trust Fund Federal Register Allocation Notice; Fiscal Year 2021 AGENCY: Office of the Assistant Secretary for Community Planning and Development, HUD. ACTION: Notice of Fiscal Year 2021 Funding Awards. ----------------------------------------------------------------------- SUMMARY: The Housing and Economic Recovery Act of 2008 (HERA) established the Housing Trust Fund (HTF) to be administered by HUD. Pursuant to the Federal Housing Enterprises Financial Security and Soundness Act of 1992 (the Act), as amended by HERA, Division A, eligible HTF grantees are the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, American Samoa, Guam, the Commonwealth of Northern Mariana Islands, and the United States Virgin Islands. In accordance with Section 1338(c)(4)(A) of the Act, this notice announces the formula allocation amount for each eligible HTF grantee. FOR FURTHER INFORMATION CONTACT: Virginia Sardone, Director, Office of Affordable Housing Programs, Room 7164, Department of Housing and Urban Development, 451 Seventh Street SW, Washington, DC 20410-7000; telephone (202) 708-2684. (This is not a toll-free number.) A telecommunications device for hearing- and speech-impaired persons (TTY) is available at 800-877-8339 (Federal Information Relay Service). (This is a toll-free number). SUPPLEMENTARY INFORMATION: Section 1131 of HERA Division A amended the Act to add a new section 1337 entitled ``Affordable Housing Allocations'' and a new section 1338 entitled ``Housing Trust Fund.'' HUD's implementing regulations are codified at 24 CFR part 93. Congress authorized the HTF with the stated purpose of: (1) Increasing and preserving the supply of rental housing for extremely low-income families with incomes between 0 and 30 percent of area median income and very low-income families with incomes between 30 and 50 percent of area median income, including homeless families, and (2) increasing homeownership for extremely low-income and very low-income families. Section 1337 of the Act provides for the HTF (and other programs) to be funded with an affordable housing set-aside by Fannie Mae and Freddie Mac. The total set-aside amount is equal to 4.2 basis points (.042 percent) of Fannie Mae and Freddie Mac's new mortgage purchases, a portion of which is for the HTF. Section 1338 of the Act directs HUD to establish, through regulation, the formula for distribution of amounts made available for the HTF. The statute specifies the factors to be used for the formula and priority for certain factors. The factors and methodology HUD uses to allocate HTF funds among eligible grantees are established in the HTF regulation. The funding announced for Fiscal Year 2021 through this notice is $692,898,860.92. Appendix A to this notice provides the names of the grantees and the amounts of the awards. Principal Deputy Assistant Secretary (PDAS) for the Office of Community Planning and Development, James A. Jemison, having reviewed and approved this document, is delegating the authority to electronically sign this document to submitter, Aaron Santa Anna, who is the Federal Register Liaison for HUD, for purposes of publication in the Federal Register. Aaron Santa Anna, Federal Register Liaison for the Department of Housing and Urban Development. Appendix A: FY 2021 Housing Trust Fund Allocation Amounts ------------------------------------------------------------------------ FY 2021 Grantee allocation ------------------------------------------------------------------------ 1 Alabama............................................ $6,690,654 2 Alaska............................................. 3,101,884 3 Arizona............................................ 11,477,467 4 Arkansas........................................... 4,123,109 5 California......................................... 126,579,066.92 6 Colorado........................................... 10,030,779 7 Connecticut........................................ 8,448,637 8 Delaware........................................... 3,101,884 9 District of Columbia............................... 3,101,884 10 Florida............................................ 35,072,600 11 Georgia............................................ 17,459,897 12 Hawaii............................................. 3,480,969 13 Idaho.............................................. 3,101,884 14 Illinois........................................... 30,702,615 15 Indiana............................................ 10,674,428 16 Iowa............................................... 4,363,876 17 Kansas............................................. 4,207,374 18 Kentucky........................................... 6,716,410 19 Louisiana.......................................... 8,124,196 20 Maine.............................................. 3,101,884 21 Maryland........................................... 9,975,009 22 Massachusetts...................................... 16,987,942 23 Michigan........................................... 17,158,160 24 Minnesota.......................................... 9,252,948 25 Mississippi........................................ 4,012,018 26 Missouri........................................... 10,536,095 27 Montana............................................ 3,101,884 28 Nebraska........................................... 3,101,884 29 Nevada............................................. 6,754,852 30 New Hampshire...................................... 3,101,884 31 New Jersey......................................... 24,354,671 32 New Mexico......................................... 3,186,129 33 New York........................................... 73,383,641 34 North Carolina..................................... 17,493,694 35 North Dakota....................................... 3,101,884 36 Ohio............................................... 21,186,076 37 Oklahoma........................................... 5,251,581 38 Oregon............................................. 9,816,938 39 Pennsylvania....................................... 24,134,348 40 Rhode Island....................................... 3,101,884 41 South Carolina..................................... 7,756,516 42 South Dakota....................................... 3,101,884 43 Tennessee.......................................... 9,736,855 44 Texas.............................................. 41,750,738 45 Utah............................................... 3,268,898 46 Vermont............................................ 3,101,884 47 Virginia........................................... 14,340,031 48 Washington......................................... 15,685,029 49 West Virginia...................................... 3,101,884 50 Wisconsin.......................................... 11,159,627 51 Wyoming............................................ 3,101,884 52 Puerto Rico........................................ 3,202,552 53 America Samoa...................................... 42,047 54 Guam............................................... 340,124 55 Northern Marianas.................................. 187,243 56 Virgin Islands..................................... 366,645 ----------------- Total............................................. $692,898,860.92 ------------------------------------------------------------------------ [FR Doc. 2021-08022 Filed 4-19-21; 8:45 am] BILLING CODE 4210-67-P
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