HUD Announces 2023 Housing Trust Fund Allocations to States
Today, HUD allocated $382 million to states from the national Housing Trust Fund (HTF), which provides a source of capital funding to increase and preserve the supply of housing for people with the lowest incomes, including those experiencing homelessness. Funding for HTF comes from a modest contribution of new business income from the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, rather than federal appropriations. Unfortunately, but as expected, the GSEs’ new business over the last year was substantially lower than it had been in the past, resulting in a cut of approximately 50 percent compared with 2022 HTF allocations.
Thirty-nine state HFAs, as well as NCSHA’s HFA members in Puerto Rico and the Virgin Islands administer HTF, as do NCSHA associate members in the District of Columbia, Guam, and Northern Mariana Islands.
The state-by-state 2023 HTF allocations are:
| FY 2023 Housing Trust Fund Formula Allocations | ||
| Name | State | FY23 GA |
| State of Alabama | AL | $3,468,012 |
| State of Alaska | AK | $3,066,413 |
| State of Arizona | AZ | $6,176,374 |
| State of Arkansas | AR | $3,000,537 |
| State of California | CA | $62,249,056 |
| State of Colorado | CO | $5,587,889 |
| State of Connecticut | CT | $4,510,425 |
| State of Delaware | DE | $3,066,413 |
| District of Columbia | DC | $3,066,413 |
| State of Florida | FL | $18,860,873 |
| State of Georgia | GA | $9,289,520 |
| State of Hawaii | HI | $3,066,413 |
| State of Idaho | ID | $3,066,413 |
| State of Illinois | IL | $14,528,244 |
| State of Indiana | IN | $5,391,554 |
| State of Iowa | IA | $3,066,414 |
| State of Kansas | KS | $3,066,414 |
| Commonwealth of Kentucky | KY | $3,515,069 |
| State of Louisiana | LA | $4,515,321 |
| State of Maine | ME | $3,066,413 |
| State of Maryland | MD | $5,428,249 |
| Commonwealth of Massachusetts | MA | $8,664,498 |
| State of Michigan | MI | $8,567,551 |
| State of Minnesota | MN | $4,881,843 |
| State of Mississippi | MS | $3,000,537 |
| State of Missouri | MO | $5,346,518 |
| State of Montana | MT | $3,066,413 |
| State of Nebraska | NE | $3,066,413 |
| State of Nevada | NV | $3,992,365 |
| State of New Hampshire | NH | $3,066,413 |
| State of New Jersey | NJ | $12,237,784 |
| State of New Mexico | NM | $3,066,413 |
| State of New York | NY | $34,734,755 |
| State of North Carolina | NC | $9,349,939 |
| State of North Dakota | ND | $3,066,413 |
| State of Ohio | OH | $10,420,277 |
| State of Oklahoma | OK | $3,066,414 |
| State of Oregon | OR | $5,468,942 |
| Commonwealth of Pennsylvania | PA | $12,081,840 |
| State of Rhode Island | RI | $3,066,413 |
| State of South Carolina | SC | $4,254,878 |
| State of South Dakota | SD | $3,000,537 |
| State of Tennessee | TN | $5,290,023 |
| State of Texas | TX | $22,394,219 |
| State of Utah | UT | $3,066,413 |
| State of Vermont | VT | $3,066,413 |
| Commonwealth of Virginia | VA | $7,563,732 |
| State of Washington | WA | $8,377,580 |
| State of West Virginia | WV | $3,066,413 |
| State of Wisconsin | WI | $5,527,246 |
| State of Wyoming | WY | $3,066,413 |
| Guam | GU | $157,107 |
| Northern Mariana Islands | MP | $76,533 |
| Commonwealth of Puerto Rico | PR | $2,037,322 |
| Virgin Islands | VI | $152,727 |
