Housing Bill Signed – Includes Money for Low Income Housing

The federal housing bill, HR 3221 was signed by the President today.  The bill includes funding for the creation of the Housing Trust Fund, a fund that will provide money for low-income housing, especially rental units.  The fund could distribute as much as $300 million a year for new low-income housing and some of the grants could go directly to nonprofit housing organizations.

See a description of the Housing Trust Fund in the Chronicle of Philanthropy.

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