24 C.F.R. § 93.401
§ 93.401 HTF grant agreement. (24 CFR Part 93)
Operative Text
Allocated and reallocated funds will be made available pursuant to an HTF grant agreement.
Section 93.401 establishes that Housing Trust Fund (HTF) dollars—whether originally allocated or subsequently reallocated—are only made available to a participating jurisdiction through the execution of a formal HTF grant agreement. The grant agreement serves as the governing instrument that ties the release of federal funds to the terms and conditions set out under 24 CFR Part 93. Without this agreement in place, neither allocated nor reallocated HTF funds can flow to the recipient.
Plain English — not legal advice.
Under § 93.401, property owners and developers seeking HTF-assisted financing should understand that the participating jurisdiction administering the funds must have an executed HTF grant agreement with HUD before any money can be disbursed. Compliant operators working with HTF programs typically confirm that the jurisdiction's grant agreement is active and in good standing before relying on those funds in a project timeline. Delays or gaps in the grant agreement process at the jurisdictional level can affect the availability of funds for specific projects.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 93.401 means that the HTF resources used to create or preserve affordable housing in a community are tied to a formal federal grant agreement, which carries enforceable obligations protecting residents in HTF-assisted units. Tenants living in housing developed with HTF funds may have recourse if program requirements are not being met, including raising concerns with the local participating jurisdiction or contacting HUD's field office. Tenant-rights organizations can help residents understand how the grant agreement framework under § 93.401 connects to the protections they may be entitled to.
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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