CFED Scorecard

CFED Assets & Opportunity Scorecard

Housing & Homeownership
Housing Trust Funds

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 state have a statewide housing trust fund in place? 1
StateHousing trust fund?Active revenue commitments?
Alabama No
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
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

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 2015 with Mary Brooks from the Center for Community Change. States receive credit if they have established a statewide housing trust fund.

States receive credit if they have established a statewide housing trust fund.

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.


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

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