Last Chance to Pass NHTF Funding in 2009
NHTF allocation formula would provide $34.5 million for NJ!
Would create 521 construction jobs and 131 permanent jobs!
As homelessness rises in NJ need for NHTF increases!
Click here to view allocations by state.
Click here to view HUD’s regulations on allocations.
Click here to read Frequently Asked Questions.
For a chart detailing both bills click here.
Click here to read our action alert on the $1 billion dollars in funding.
Funding for the National Housing Trust Fund could be imminent. Senate and House offices needed to hear from you about the importance of ensuring capitalization of the NHTF at $1 billion and providing project-based voucher funding for most of the NHTF units.
Click here to read the proposed amendment.
The New Jersey Advocacy Network to End Homelessness strongly encourages you to contact Senator Menendez, Senator Lautenberg and your Representative now. Ask them to support including this important NHTF funding in the FY10 Department of Defense appropriations bill.
You can use this toll-free call-in number, 877-210-5351, for the congressional switchboard. Or click here to find the phone numbers for your senators and representative.
Status of NHTF Funding
The House and Senate have until December 18 to enact the FY10 Department of Defense appropriations bill. This is a “must pass” bill. House and Senate housing leaders are in agreement to attach the NHTF funding proposal. But all Senate and House offices need to hear your support for including funding for the NHTF and the project-based vouchers in this bill in order to ensure it happens.
How Your Calls Can Help
Senators and Representatives need to know that their constituents support NHTF funding in this last-chance legislative vehicle. To help make your case, NLIHC has estimates of how much your state will receive from an initial $1 billion capitalization and how many construction and permanent jobs will be created.
The allocation formula would provide $34.5 million every year for New Jersey. It is estimated this would create 521 construction jobs and 131 permanent jobs!
Click here for the full national estimates.
This is It! Congress will adjourn for 2009 after it enacts the FY10 defense spending bill. There will not be another opportunity to enact NHTF funding until sometime later in 2010.
If you can make one more round of calls to your Representative and Senators, we believe we can secure NHTF funding and move forward in 2010 to allocate these precious resources for the production and preservation of homes affordable to extremely low income households in early 2010.
Without your time and dedication, we will not be able to secure this essential funding to help us end homelessness in NJ.
Call today!
The housing trust fund will, once capitalized, provide communities with funds to build, preserve, and rehabilitate rental homes that are affordable for extremely and very low income households. The Housing Trust Fund’s most important features are:
- It is a permanent program, and will have dedicated source of funding not subject to the annual appropriations process.
- At least 90% of the funds must be used for the production, preservation, rehabilitation, or operation of rental housing. Up to 10% can be used for the following home ownership activities for first-time home buyers: production, preservation, and rehabilitation; down payment assistance, closing cost assistance, and assistance for interest rate buy-downs.
- At least 75% of the funds for rental housing must benefit extremely low income households and all funds must benefit very low income households.
