24 C.F.R. § 93.1
§ 93.1 Overview. (24 CFR Part 93)
Operative Text
(a) This part implements the Housing Trust Fund (HTF) program established under section 1338 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended (12 U.S.C. 4501 et seq.) (the Act). In general, under the HTF program, HUD allocates funds by formula to eligible States to increase and preserve the supply of decent, safe, sanitary, and affordable housing, with primary attention to rental housing for extremely low-income and very low-income households, including homeless families. (b) Section 1337 of the Act requires a percentage of the unpaid principal balance of total new business for the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) (collectively, the government-sponsored enterprises or GSEs) to be setaside and allocated as a dedicated source of annual funding for the HTF, unless allocations are suspended by the Director of the Federal Housing Finance Agency, the agency that regulates the GSEs. These funds will be deposited into an HTF account established in the Treasury of the United States by the Secretary of the Treasury to carry out the HTF program. The Act also provides that the HTF may be funded with amounts appropriated, transferred, or credited to the HTF under other provisions of law.
Section 93.1 establishes the scope and funding structure of the Housing Trust Fund (HTF) program under 24 CFR Part 93. The program directs HUD to distribute funds to states using a formula aimed at expanding and preserving affordable housing, with a focus on rental units for households at the lowest income levels, including those experiencing homelessness. Funding flows primarily from a set-aside of GSE (Fannie Mae and Freddie Mac) business activity, deposited into a dedicated federal Treasury account, and may also come from other congressional appropriations or transfers.
Plain English — not legal advice.
Property owners and developers seeking HTF-assisted financing should understand that § 93.1 defines the program's foundational purpose: increasing and preserving affordable rental housing for extremely low- and very low-income households. Compliant operators working within HTF-funded projects generally align their tenant eligibility and affordability commitments with that core mission, since the program's income-targeting requirements flow directly from this statutory purpose. Familiarity with § 93.1 helps operators contextualize the more specific compliance obligations found elsewhere in 24 CFR Part 93.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 93.1 establishes that the HTF program is designed to benefit renters at the lowest income levels, including homeless families, by funding the creation and preservation of affordable housing. Tenants living in HTF-assisted properties have protections and rights that stem from this foundational purpose, with more specific tenant-facing rules detailed throughout 24 CFR Part 93. Renters who believe their housing does not meet HTF program standards may wish to contact their state's HTF-administering agency or a local tenant-rights organization to understand available options.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 3, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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