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U.S. House passes funding for National Housing Trust

Posted by: VHFA on 6/2/2010

nht logoLast Friday, the U.S. House passed H.R. 4213, the “Tax Extenders Bill.”

The legislation provides $1 billion for the National Housing Trust Fund (NHTF), which will enable communities to build, rehabilitate, and preserve housing for very low income households.

The legislation also includes $2.5 billion for the TANF Emergency Contingency Fund (ECF), which provides benefits, cash assistance, subsidized employment, and short-term assistance to low-income families.

The ECF was enacted under the Recovery Act and was set to expire Sept. 30. The bill extends it to Sept. 30, 2011.

For more information on the NHTF, visit the National Low-Income Housing Coalition.