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Notice

Housing Trust Fund Federal Register Allocation Notice; Fiscal Year 2021

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Start Preamble

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.

Start Further Info

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).

End Further Info End Preamble Start Supplemental Information

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.

Start Signature

Aaron Santa Anna,

Federal Register Liaison for the Department of Housing and Urban Development.

End Signature

Appendix A: FY 2021 Housing Trust Fund Allocation Amounts

GranteeFY 2021 allocation
1 Alabama$6,690,654
2 Alaska3,101,884
3 Arizona11,477,467
4 Arkansas4,123,109
5 California126,579,066.92
6 Colorado10,030,779
7 Connecticut8,448,637
8 Delaware3,101,884
9 District of Columbia3,101,884
10 Florida35,072,600
11 Georgia17,459,897
12 Hawaii3,480,969
13 Idaho3,101,884
14 Illinois30,702,615
15 Indiana10,674,428
16 Iowa4,363,876
17 Kansas4,207,374
18 Kentucky6,716,410
19 Louisiana8,124,196
20 Maine3,101,884
21 Maryland9,975,009
22 Massachusetts16,987,942
23 Michigan17,158,160
24 Minnesota9,252,948
25 Mississippi4,012,018
26 Missouri10,536,095
27 Montana3,101,884
28 Nebraska3,101,884
29 Nevada6,754,852
30 New Hampshire3,101,884
31 New Jersey24,354,671
32 New Mexico3,186,129
33 New York73,383,641
34 North Carolina17,493,694
35 North Dakota3,101,884
36 Ohio21,186,076
37 Oklahoma5,251,581
38 Oregon9,816,938
39 Pennsylvania24,134,348
40 Rhode Island3,101,884
41 South Carolina7,756,516
42 South Dakota3,101,884
43 Tennessee9,736,855
44 Texas41,750,738
45 Utah3,268,898
46 Vermont3,101,884
47 Virginia14,340,031
48 Washington15,685,029
49 West Virginia3,101,884
50 Wisconsin11,159,627
51 Wyoming3,101,884
52 Puerto Rico3,202,552
53 America Samoa42,047
54 Guam340,124
55 Northern Marianas187,243
56 Virgin Islands366,645
Total$692,898,860.92
End Supplemental Information

[FR Doc. 2021-08022 Filed 4-19-21; 8:45 am]

BILLING CODE 4210-67-P