Housing Trust Fund

The Housing Trust Fund  (HTF) is a new affordable housing production program that will complement existing federal, state and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low- and very low-income households, including homeless families. The HTF was established under Title I of the Housing and Economic Recovery Act of 2008, Section 1131. 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. On January 30, 2015, HUD published an Interim Rule which provides the guidelines for States to implement the HTF.

As a result, IHCDA is tasked with using the HTF to increase the supply of decent, safe and sanitary housing for persons at or below 30% of the Area Medium Income. HTF regulations may be found in 24 CFR 91 and 93.

Application Policy and Forms

2017 HOME and Housing Trust Fund Policy (updated November 21, 2017)

2017 RHTC and Housing Trust Fund Policy (updated August 30, 2017)

Resources

Click here to view the 2016 HTF Final Allocation Plan.

Click here to view the HTF Rehab Standards.

Click here to view Appendix A - HTF UPCS.

Click here to access the HTF rent limits.

Contact

For more information on this funding option, please contact Sam Spergel, Director of Real Estate Production , SSpergel@ihcda.in.gov or (317) 232-0599.