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HUD/CPD RIN: 2506-AC23 Publication ID: Fall 2010 
Title: Housing Trust Fund Program--Allocation Formula (FR-5246) 
Abstract: The Housing and Economic Recovery Act of 2008 (HERA) establishes a Housing Trust Fund. Section 1338 of HERA directs HUD to establish and manage a Housing Trust Fund, which is to be funded with amounts allocated by the Government-sponsored enterprises or by any amounts that may be appropriated, transferred, or credited to the Housing Trust Fund under any other provision of law. The purpose of the Housing Trust Fund is to provide grants to states for use to: (1) Increase and preserve the supply of rental housing for extremely low- and very low-income families, including homeless families; and (2) increase homeownership for extremely low- and very low-income families. HERA charges HUD to establish, by July 2009, and through regulation, the formula for the distribution of the Housing Trust Fund grants to States, and to follow that rule with one that implements the Housing Trust Fund program requirements. Consistent with that charge, HUD published a proposed rule to establish the allocation formula on December 4, 2009. A separate proposed rule will be issued for the program requirements, and a single final rule will be issued for both proposed rules. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 24 CFR 91 and 92   
Legal Authority: 12 USC 4568    42 USC 3535(d)   
Legal Deadline:
Action Source Description Date
Final  Statutory  Regulations describing Formula Distribution; however, funds are not available to or appropriated for the Housing Trust Fund.  06/30/2009 
Timetable:
Action Date FR Cite
NPRM  12/04/2009  74 FR 63938   
NPRM Comment Period End  02/02/2010    
Final Action  04/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Local, State 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Marcia Sigal
Director, Program Policy Division, Office of Affordable Housing Programs
Department of Housing and Urban Development
451 7th Street SW.,
Washington, DC 20410
Phone:202 402-3002