Wall Street is in the rental business now.

DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT

24 CFR Parts 91 and 93
[Docket No. FR–5246–I–03]
RIN 2506–AC30

Housing Trust Fund
AGENCY: Office of the Assistant
Secretary for Community Planning and
Development, HUD.

ACTION: Interim rule.

SUMMARY: The Housing and Economic
Recovery Act of 2008 (HERA)
establishes a Housing Trust Fund (HTF)
to be administered by HUD. The
purpose of the HTF is to provide grants
to State governments to increase and
preserve the supply of rental housing for
extremely low- and very low-income
families, including homeless families,
and to increase homeownership for
extremely low- and very low-income
families. This rule establishes the
regulations that will govern the HTF.
HUD is issuing this rule as an interim
rule. It is HUD’s intention to open this
interim rule for public comment to
solicit comments once funding is
available and the grantees gain
experience administering the HTF
program.

DATES: Effective: March 31, 2015.

FOR FURTHER INFORMATION CONTACT:
Marcia Sigal, Director, Program Policy
Division, Office of Affordable Housing
Programs, Office of Community
Planning and Development, Department
of Housing and Urban Development,
451 7th Street SW., Room 7164,
Washington, DC 20410; telephone
number 202–708–2684 (this is not a tollfree
number). Persons with hearing or
speech impairments may access this
number through TTY by calling the tollfree
Federal Relay Service at 800–877–
8389.

image credit: www.keepingcurrentmatters.com

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