[Federal Register Volume 83, Number 108 (Tuesday, June 5, 2018)]
[Notices]
[Pages 26080-26081]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-12041]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-6108-FA-01]


Housing Trust Fund; Fiscal Year (FY) 2018 Allocation Notice

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

ACTION: Notice of fiscal year 2018 funding awards.

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SUMMARY: The Housing and Economic Recovery Act of 2008 (HERA) 
established the Housing Trust Fund (HTF) to be administered by HUD. 
Pursuant to the Federal Housing Enterprises Financial Security and 
Soundness Act of 1992 (the Act), as amended by HERA, Division A, 
eligible HTF grantees are the 50 states, the District of Columbia, the 
Commonwealth of Puerto Rico, American Samoa, Guam, the Commonwealth of 
Northern Mariana Islands, and the United States Virgin Islands. In 
accordance with Section 1338 (c)(4)(A) of the Act, this notice 
announces the formula allocation amount for each eligible HTF grantee.

FOR FURTHER INFORMATION CONTACT: Virginia Sardone, Director, Office of 
Affordable Housing Programs, Room 7164, Department of Housing and Urban 
Development, 451 Seventh Street SW, Washington, DC 20410-7000; 
telephone (202) 708-2684. (This is not a toll-free number.) A 
telecommunications device for hearing- and speech-impaired persons 
(TTY) is available at 800-877-8339 (Federal Information Relay Service).

SUPPLEMENTARY INFORMATION: Section 1131 of HERA Division A amended the 
Act to add a new section 1337 entitled

[[Page 26081]]

``Affordable Housing Allocations'' and a new section 1338 entitled 
``Housing Trust Fund.'' HUD's implementing regulations are codified at 
24 CFR part 93. Congress authorized the HTF with the stated purpose of: 
(1) Increasing and preserving the supply of rental housing for 
extremely low-income families with incomes between 0 and 30 percent of 
area median income and very low-income families with incomes between 30 
and 50 percent of area median income, including homeless families, and 
(2) increasing homeownership for extremely low-income and very low-
income families. Section 1337 of the Act provides for the HTF (and 
other programs) to be funded with an affordable housing set-aside by 
Fannie Mae and Freddie Mac. The total set-aside amount is equal to 4.2 
basis points (.042 percent) of Fannie Mae and Freddie Mac's new 
mortgage purchases, a portion of which is for the HTF. Section 1338 of 
the Act directs HUD to establish, through regulation, the formula for 
distribution of amounts made available for the HTF. The statute 
specifies the factors to be used for the formula and priority for 
certain factors. The factors and methodology HUD uses to allocate HTF 
funds among eligible grantees are established in the HTF regulation. 
The funding announced for Fiscal Year 2018 through this notice is 
$266,775,403.45. Appendix A to this notice provides the names of the 
grantees and the amounts of the awards.

    Dated: May 29, 2018.
Neal J. Rackleff,
Assistant Secretary, Office of Community Planning and Development.

Appendix A:

     FY 2018 Housing Trust Fund Allocation Amounts

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                                                            FY 2018
                       Grantee                             allocation
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Alabama..............................................         $3,000,000
Alaska...............................................          3,000,000
Arizona..............................................          3,997,777
Arkansas.............................................          3,000,000
California...........................................      36,616,277.45
Colorado.............................................          3,563,587
Connecticut..........................................          3,269,474
Delaware.............................................          3,000,000
District of Columbia.................................          3,000,000
Florida..............................................         10,442,914
Georgia..............................................          5,705,499
Hawaii...............................................          3,000,000
Idaho................................................          3,000,000
Illinois.............................................          9,812,230
Indiana..............................................          3,937,462
Iowa.................................................          3,000,000
Kansas...............................................          3,000,000
Kentucky.............................................          3,000,000
Louisiana............................................          3,068,829
Maine................................................          3,000,000
Maryland.............................................          3,578,771
Massachusetts........................................          5,720,333
Michigan.............................................          6,004,558
Minnesota............................................          3,445,781
Mississippi..........................................          3,000,000
Missouri.............................................          3,970,270
Montana..............................................          3,000,000
Nebraska.............................................          3,000,000
Nevada...............................................          3,000,000
New Hampshire........................................          3,000,000
New Jersey...........................................          7,726,903
New Mexico...........................................          3,000,000
New York.............................................         22,171,681
North Carolina.......................................          5,874,191
North Dakota.........................................          3,000,000
Ohio.................................................          6,971,712
Oklahoma.............................................          3,000,000
Oregon...............................................          3,654,189
Pennsylvania.........................................          7,759,948
Rhode Island.........................................          3,000,000
South Carolina.......................................          3,007,655
South Dakota.........................................          3,000,000
Tennessee............................................          3,688,511
Texas................................................         12,279,085
Utah.................................................          3,000,000
Vermont..............................................          3,000,000
Virginia.............................................          4,672,562
Washington...........................................          5,197,313
West Virginia........................................          3,000,000
Wisconsin............................................          4,117,505
Wyoming..............................................          3,000,000
Puerto Rico..........................................          1,253,357
America Samoa........................................             11,995
Guam.................................................             97,028
Northern Marianas....................................             53,415
Virgin Islands.......................................            104,591
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    Total............................................     266,775,403.45
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[FR Doc. 2018-12041 Filed 6-4-18; 8:45 am]
BILLING CODE 4210-67-P