States will receive nearly $700 million in federal grants for low-income housing from the Housing Trust Fund—more than double the $322,564,267 disbursed last year. The Housing Trust Fund, administered by the US Department of Housing and Urban Development, uses revenue generated from federally backed home mortgage companies to fund the program. The increase results from the recent spike in mortgage lending. The funds will be used for the acquisition, construction, maintenance, and restoration of low-income housing.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing