As many of our advocates know, the Alliance has long supported the capitalization of the National Housing Trust Fund (NHTF). This fund – intended to support the creation, preservation, and rehabilitation of affordable housing – was created in July 2008 when Congress passed the Housing and Economic Recovery Act.
But Congress has yet to allocate any resources – read: funds – to the NHTF.
After two years of requesting capitalization, supporters of the NHTF are closer than ever. As we’ve blogged about before, Congress is currently considering H.R. 4213, known as the “Tax Extenders” bill, which include $1 billion to capitalize the NHTF.
(The bill also extends the Temporary Assistance for Needy Families (TANF) Emergency Contingency Fund (ECF) – another important resource for vulnerable families. Find out more about the Tax Extenders bill by reading our Advocacy Updates.)
The bill was originally slated for the House floor this week, but spending concerns delayed action. The legislation was sent to the House Rules Committee last night, where an amendment further complicated the already dense bill, according to The Hill.
Advocates are still hopeful that the bill may pass this week.