Florida will receive$4.6 million through the nation’s Housing Trust Fund.
The Housing Trust Fund is a new affordable housing production program that HUD says will complement existing federal, state and local efforts to increase and preserve a supply of decent, safe and sanitary affordable housing for extremely low and very low-income households, including families facing homelessness.
State affordable housing planners will use the funds for eligible activities, such as;
- Real property acquisition
- Site improvements and development hard costs.
- Related soft costs
- Financing costs
- Relocation assistance
- Operating cost assistance for rental housing (up to 30% of each grant)
- Reasonable administrative and planning costs
A healthy housing market is key to vibrant communities and future economic growth, and these federal funds will help states expand the supply of affordable homes and strengthen our communities.
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