There are now more than 770 city, county and state housing trust funds operating throughout the United States providing in excess of $1 billion in funds in 2015 to support affordable homes.
“Access to affordable homes is a necessary and fundamental aspect of every viable community and housing trust funds demonstrate that this is an achievable goal if we commit the resources to make it a reality”, encourages Mary Brooks, author of the report. Housing trust funds operating in all kinds of environments have been creative and successful in providing safe affordable homes for everyone.
The report summarizes the findings from surveying how state, city, and county housing trust funds are operating throughout the country, including state enabling legislation for local housing trust funds. The Housing Trust Fund Project selected to highlight seven critical trends that housing trust funds are advancing to ensure affordable homes become an asset to every community. These are: providing homes for extremely low income households; preserving the investment in affordable homes; responding to the national call to address homelessness; addressing gentrification and displacement; addressing rural housing needs; addressing environmental goals; and highlighting success.
The Housing Trust Fund Project appreciates the response from housing trust fund administrators across the country in making this report possible.The Housing Trust Fund Project is very grateful for support from these foundations: The Ahmanson Foundation, the Butler Family Fund, and the Oak Foundation. In addition, the National Resources Defense Council, The National Housing Trust, and Grounded Solutions Network made significant contributions to the analysis of the survey.
The Housing Trust Fund Project continues to offer its technical assistance to housing trust fund campaigns across the country as it has done since the mid-1980s. This technical assistance program has been utilized by hundreds of campaigns and the Project staff supports both convenings and on-going initiatives to advance the capacity of affordable housing/homeless advocates to impact housing policy across the country.