National Housing Trust Fund
The U.S Department of Housing and Urban Development (HUD) allocates Housing Trust funds by formula annually. The State of Nevada is a grantee of the Housing Trust Fund (HTF). Nevada is required to use at least 80 percent of each annual grant for rental housing; up to 10 percent for homeownership.
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. All HTF-assisted units will be required to have a minimum affordability period of 30 years.
Eligible activities and expenses include:
• Real property acquisition
• Site improvements and development hard costs
• Related soft costs
• Demolition
• Financing costs
• Relocation assistance
• Operating cost assistance for rental housing
• Reasonable administrative and planning costs
Eligible forms of assistance include:
• Equity investments
• Interest-bearing loans or advances
• Non-interest bearing loans or advances
• Interest subsidies
• Deferred payment loans
• Grants
• Other forms of assistance approved by HUD
National Housing Trust Funds Resources