HUD Announces New $174 Million National Housing Trust Fund

A new federal housing program is unique in its approach but all too common in its scope.

2 minute read

April 7, 2016, 7:00 AM PDT

By James Brasuell @CasualBrasuell


"The federal government debuted a program on Monday to provide housing for the very poorest residents in America," according to an article by Kriston Capps. "The National Housing Trust Fund is a new affordable-housing program, one that creates permanently affordable housing for extremely low-income households."

Julián Castro, secretary for the U.S. Department of Housing and Urban Development, announced the program, which will allocate funding totaling $174 million earlier this week. Capps breaks down the vital statistics in a list of "everything you need to know." Included among the list:

The fund's modest allocation of $174 million probably won't go very far. "Still, these are funds geared toward creating new and permanently affordable housing for very-low-income and extremely-low-income residents—people who are at great risk of falling through the cracks," adds Capps.

The National Housing trust Fund is unique in that it targets extremely-low-income or very-low-income households. These "Worst case housing needs" are a growing segment of the U.S. housing market.

The National Housing trust Fund is designed to complement inclusionary zoning, writes Capps, by creating new housing, not rehabbing existing housing.

Capps also notes the political opposition to the National Housing trust Fund, especially the work of two Republican congressmen who tried but failed to prevent the new program. On the other end of the political spectrum, President Obama called for $1 billion in funding for a National Housing trust Fund in 2014.

More information on the National Housing Trust Fund is available on the National Low Income Housing Coalition website.

Monday, April 4, 2016 in CityLab

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

June 11, 2025 - Diana Ionescu

Rendering of Shirley Chisholm Village four-story housing development with person biking in front.

San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning

SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.

June 8, 2025 - Fast Company

Yellow single-seat Japanese electric vehicle drivign down road.

The Tiny, Adorable $7,000 Car Turning Japan Onto EVs

The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.

June 6, 2025 - PC Magazine

Rendering of white three-story single-stair building in Austin, Texas with staircase in the middle.

Austin's First Single Stair Apartment Building is Officially Underway

Eliminating the requirement for two staircases in multi-story residential buildings lets developers use smaller lots and more flexible designs to create denser housing.

8 seconds ago - Building Design & Construction

MARTA bus with Atlanta skyline in background

Atlanta Bus System Redesign Will Nearly Triple Access

MARTA's Next Gen Bus Network will retool over 100 bus routes, expand frequent service.

1 hour ago - Mass Transit

Tall modern condo buildings on both sides of CN Tower rising in middle.

Toronto Condo Sales Drop 75%

In two of Canada’s most expensive cities, more condos were built than ever — and sales are plummeting.

2 hours ago - Financial Post