Why Housing Trust Funds Became Unifiers

When it comes to figuring out how to improve housing affordability, cities and states have often found themselves at odds with each other. Housing trust funds, however, have been the rare exception. Established by legislation or ordinance, these funds are ongoing, public funding for the development of low-income housing. They have been a primary source of funding for affordable housing creation in this country. Housing trust funds create a unique opportunity for state- and city-level governments to work together and support each other’s efforts to create more affordable housing. Unlike with other tools in the affordable housing toolbox, hurdles like state preemption and competing for funding sources are not an issue. While state funds are often larger, some city governments have also created very robust funds. Follow this link to read more. Sourced from: Cities Speak