The Background. The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises (GSEs) approved a package of bills intended to dismantle the housing GSEs, Fannie Mae and Freddie Mac, in a Subcommittee markup on Tuesday, July 12. One of the bills, H.R. 2441, introduced by Representative Ed Royce (R-CA), would abolish the National Housing Trust Fund (NHTF) as well as the Capital Magnet Fund. The bill passed by a vote of 18 to 14, along party lines.

To read the full update on the NHTF, click here.

SUPPORT THE NHTF
E-mail outreach@nlihc.org if you would like to join over 7,000 other national, state, and local advocates and declare your support for the National Housing Trust Fund!

LEARN MORE

Read our blog posts on the Trust Fund at On the Home Front.

For more resources and information on the NHTF, visit www.nhtf.org.

The Truth About the National Housing Trust Fund

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Home is the foundation. But for the nearly 4 million American households for whom even a modest rental home is out of reach, life is a daily struggle for survival. Families in this situation find themselves making impossible choices between food and rent. When illness, job loss or other tragedy strikes, they often become homeless. It shouldn’t have to be this way.

That’s why the National Housing Trust Fund Campaign is fighting hard to fund and protect this essential program. Signed into law in 2008 by President George W. Bush, the National Housing Trust Fund is intended to provide communities with funds to build, preserve, and rehabilitate rental homes that are affordable for extremely and very low income households.

The National Housing Trust Fund is sorely needed. But no federal money has ever been committed to this program. Now, some in Congress want to take away this vital resource before it’s even had a chance to work. What’s worse, they’re using lies and scare tactics to convince you that the National Housing Trust Fund should be abolished.

We’re debunking the myths. Read on to learn the truth about the National Housing Trust Fund, visit the National Housing Trust Fund Campaign to learn how to get involved, and contact us at outreach@nlihc.org if you’ve heard lies about the National Housing Trust Fund in your community. We’ll make sure you’ve got the facts.

MEMO TO MR. ROYCE. Read the National Housing Trust Fund Campaign's responses to statements made by Mr. Royce in the discussion of H.R. 2441 that we found to be inaccurate and misleading.

LIST ANALYSIS of 89 PROGRAMS. Mr. Royce presented a list of 89 alleged "HUD Housing Affordability Programs" during the Subcommittee mark-up so as to claim there were existing programs that rendered the National Housing Trust Fund repetitive. Our table analysis of this list by eligible activity, income targeting, and operation status reveals the falsity of Mr. Royce's list and thus his claim.