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National Housing Trust Fund Allocation Plan Workshop

florida housing finance corpGreat news! The National Housing Trust Fund (NHTF) will be implemented in 2016! The goal of the federal NHTF Program is to create an ongoing, dedicated source of capital for development of affordable housing for households with incomes at or below 30% of Area Median Income. States have to use at least 80% of the funds for production of rental housing. It is new funding for Florida and does not supplant or replace any existing state or federal funding.

Each state must develop an Allocation Plan to describe how the state will implement the funds and will include incentives and priorities specific to the communities where the housing will be located. The Plan will also establish application requirements and criteria for selecting recipients. The Florida Housing Finance Corporation proposes to use all of this program funding for rental housing. Properties which receive NHTF funding must remain affordable for a minimum of 30 years, which is a tremendous victory as we try to establish long-term affordable housing for people with developmental disabilities.

Florida Housing is currently soliciting input to assist in development of the plan. A workshop on the proposed Allocation Plan to implement the NHTF Program in Florida will be held on Thursday, April 28, 2016 at 1:30pm at 227 N. Bronough Street, Seltzer Conference Room, Tallahassee, FL. If you’re unable to attend the meeting in person, you can call 1-888-339-2688 and enter passcode #38957454 to attend via phone. This workshop is your chance to let policy makers know that they need to prioritize the development of affordable housing for people with developmental disabilities!

After the April workshop, Florida Housing will keep the public comment period open for 30 days for interested parties to submit written comments, and all written comments will be posted on Florida Housing’s NHTF webpage (link below). Florida Housing then will make any revisions to the plan resulting from those comments and hold a final, formal public hearing at a date to be determined. After receiving final comments on the plan, Florida Housing will make any final revisions and submit the plan to HUD for approval. The proposed allocation plan will be posted closer to the date of the meeting. Click here for more information about the National Housing Trust Fund.