CFED Assets & Opportunity Scorecard
Housing Trust Funds
States that have a statewide housing trust fund, 2011.
Establishing a housing trust fund is one way states can help make homeownership affordable for low- and moderate-income families. Housing trust funds use 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.
Although Housing Trust Funds is not a Policy Priority in the current Scorecard, it was in prior years. The 2009 Resource Guide and Policy Brief provide more information on strong Housing Trust Fund policies. In 2007 and 2009, CFED also published the following case studies on Housing Trust Funds:
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 making – the 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 aﬀordable housing, a state Aﬀordable 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.
Housing Trust Funds
Data provided through email correspondence with the Center for Community Change in October 2011. CFED thanks Mary Brooks of the Center for Community Change for her assistance in developing and review this data.