STATE OF DELAWARE DELAWARE STATE HOUSING AUTHORITY NATIONAL HOUSING TRUST FUND ALLOCATION PLAN AND SUBSTANTIAL AMENDMENT TO THE 2015-2019 CONSOLIDATED PLAN AND ANNUAL ACTION PLAN 2017 Introduction Purpose The National Housing Trust Fund (NHTF) is a new affordable housing production program that will complement existing Federal, State, and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low-income (ELI) and very income households (VLI), including homeless families. This plan serves as a Substantial Amendment to Delaware State Housing Authority’s (DSHA) 2015-2019 Consolidated Plan and 2017 Annual Action Plan. Background The NHTF was established under Title I of the Housing and Economic Recovery Act (HERA) of 2008, Section 1131 (Public Law 110-289). Section 1131 of HERA amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4501 et seq.) to add a new section 1337, entitled Housing Allocation” and a new section 1338 entitled “Affordable “Housing Trust Fund.” The U.S. Department of Housing and Urban Development (HUD) published the proposed NHTF formula rule (FR-5246-P-01) on December 4, 2009, and the proposed program rule on October 29, 2010. On January 30, 2015, HUD published an interim program rule The interim rule provides the guidelines for states to implement the NHTF. On April 26, 2016, HUD issued a notice (CPD-16-07) to provide guidance to NHTF grantees on Fiscal Year 2016 NHTF Allocation Plans. The Fiscal Year 2017 NHTF formula allocation amounts for NHTF were published on June 14, 2017. HUD plans to issue a final rule for the NHTF after states have had experience administering the program and are able to offer comments regarding the initial implementation. The first year of the program is crucial in demonstrating states’ ability to effectively use this new funding source. Program Design and Funding Source Funding for the NHTF comes from an assessment on loans made by Federal Home Loan Mortgage Corporation (Freddie Mac) and Federal National Mortgage Association (Fannie Mae).
STATE OF DELAWARE DELAWARE STATE HOUSING AUTHORITY NATIONAL HOUSING TRUST FUND ALLOCATION PLAN AND SUBSTANTIAL AMENDMENT TO THE 2015-2019 CONSOLIDATED PLAN AND ANNUAL ACTION PLAN 2017 Introduction Purpose The National Housing Trust Fund (NHTF) is a new affordable housing production program that will complement existing Federal, State, and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low-income (ELI) and very households (VLI), including homeless families. This plan serves as a Substantial Amendment to Delaware State Housing Authority’s (DSHA) 2015-2019 Consolidated Plan and 2017 Annual Action Plan. Background The NHTF was established under Title I of the Housing and Economic Recovery Act (HERA) of 2008, Section 1131 (Public Law 110-289). Section 1131 of HERA amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4501 et seq.) to add a new section 1337, entitled “Affordable Housing Allocation” and a new section 1338 entitled “Housing Trust Fund.” The U.S. Department of Housing and Urban Development (HUD) published the proposed NHTF formula rule (FR-5246-P-01) on December 4, 2009, and the proposed program rule on October 29, 2010. On January 30, 2015, HUD published an interim program rule The interim rule provides the guidelines for states to implement the NHTF. On April 26, 2016, HUD issued a notice (CPD-16-07) to provide guidance to NHTF grantees on Fiscal Year 2016 NHTF Allocation Plans. The Fiscal Year 2017 NHTF formula allocation amounts for NHTF were published on June 14, 2017. HUD plans to issue a final rule for the NHTF after states have had experience administering the program and are able to offer comments regarding the initial implementation. The first year of the program is crucial in demonstrating states’ ability to effectively use this new funding source. Program Design and Funding Source Funding for the NHTF comes from an assessment on loans made by Federal Home Loan Mortgage Corporation (Freddie Mac) and Federal National Mortgage Association (Fannie Mae). income
2017_nhtf_amendment.docx