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Housing Trust Funds Reports & Graphics Policy Brief


States that Have a Housing Trust Fund

Increased demand in the rental market in recent years has made it more difficult for those with modest incomes to afford rental housing. For those who are not ready or able to buy a home, access to affordable, high quality housing is essential. Housing trust funds help to address this issue by using dedicated public monies for a variety of affordable housing solutions, including the construction, rehabilitation and preservation of affordable housing. They can also help families become first-time homeowners, address homelessness, provide emergency repair, and aid in foreclosure prevention. 

What States Can Do

States can help make rental housing and homeownership affordable for low- and moderate-income families by establishing a housing trust fund. Housing trust funds shift funding allocated toward housing to support affordable housing preservation and development. 

Strength of State Policies: Housing Trust Funds

Does the state have a statewide housing trust fund in place? 1
StateHousing trust fund?Revenue commitments?
Alabama    No 
Alaska    — 
Arizona    Yes 
Arkansas    No 
California    No 
Colorado    No 
Connecticut    Yes 
Delaware    Yes 
District of Columbia    Yes 
Florida    Yes 
Georgia    No 
Hawaii    Yes 
Idaho    No 
Illinois    Yes 
Indiana    Yes 
Iowa    Yes 
Kansas    No 
Kentucky    Yes 
Louisiana    No 
Maine    Yes 
Maryland    Yes 
Massachusetts    Yes 
Michigan    No 
Minnesota    Yes 
Mississippi    — 
Missouri    Yes 
Montana    No 
Nebraska    Yes 
Nevada    Yes 
New Hampshire    No 
New Jersey    Yes 
New Mexico    No 
New York    No 
North Carolina    No 
North Dakota    Yes 
Ohio    Yes 
Oklahoma    No 
Oregon    Yes 
Pennsylvania    Yes 
Rhode Island    No 
South Carolina    Yes 
South Dakota    Yes 
Tennessee    No 
Texas    No 
Utah    No 
Vermont    Yes 
Virginia    No 
Washington    Yes 
West Virginia    Yes 
Wisconsin    Yes 
Wyoming    — 

Notes on the Data

1. Center for Community Change, "The Status of State Housing Trust Funds: A Toolkit for Advocates," (Frazier Park, CA: Center for Community Change, 2013). Updated data provided through conversations in June 2013 with Mary Brooks from the Center for Community Change.

What States Have Done

Nearly every state—47 states and the District of Columbia—has a statewide housing trust fund (HTF) authorized in statute. However, many have no dedicated funding sources, and in some cases, HTFs have been raided to cover shortfalls elsewhere in a state’s budget. In order to ensure that the supply of affordable housing for low- and moderate-income families remains intact, states must maintain ongoing revenue commitments for their housing trust funds.

Case Studies

Oregon’s Campaign (published September 2009)
In spring 2009, the Oregon Housing Alliance celebrated passage of the Housing Opportunity Bill. This victory expanded funding for affordable housing by creating a dedicated funding source for the state’s housing trust fund. This victory had been years in the makingthe Housing Alliance was founded in 2004 and launched its legislative effort in 2005. During the 2007 legislative session, a similar bill failed to pass by just three votes. Click here to read more.


Kentucky’s Campaign (published September 2007)
In 1994, after an education campaign on the need for aordable housing, a state Aordable Housing Trust Fund (AHTF) was established in Kentucky with an initial contribution of $400,000 from Kentucky’s then-First Lady, Libby Jones… Thus began a 12-year campaign to find a public, dedicated source of significant revenue for the Kentucky AHTF. Click here to read more.


Organizations and Experts:

Guides, Briefs and Papers:


CFED thanks Mary Brooks from the Center for Community Change for her input and expertise on this policy issue.

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