FAQs – Housing Trust Fund
What is the Housing Trust Fund (HTF)?
The City of New Orleans Housing Trust Fund (HTF) is a dedicated source of local funding that supports affordable housing, homeownership, housing preservation, and neighborhood revitalization.
Who oversees the Housing Trust Fund?
The City of New Orleans and HTF Advisory Committee oversee the Housing Trust Fund. See stakeholder roles below.
What is Finance New Orleans’ role?
Finance New Orleans (FNO) serves as one of the Housing Trust Fund program administrators. See stakeholder roles below.
What role does each stakeholder have?
City of New Orleans and HTF Advisory Committee
- Establishes HTF priorities and funding allocations
- Approves program guidelines, budgets, and Cooperative Endeavor Agreements
- Provides oversight and compliance monitoring
Program Administrators
- Designs and implements approved financing programs.
- Processes applications and manages program financing.
- Coordinates with homeowners, lenders, contractors, and developers.
- Monitors program performance and reports outcomes to the City.
Who determines how much funding Finance New Orleans receives?
HTF allocations are finalized by the City of New Orleans through its annual budget process and approved Cooperative Endeavor Agreements.
How were the Finance New Orleans HTF programs selected?
The City and HTF Advisory Committee selected Finance New Orleans to administer programs that address identified housing needs, including resilient homeownership, FORTIFIED roof improvements, and affordable housing development.
Can Finance New Orleans create or change HTF programs on its own?
No. Finance New Orleans administers programs authorized by the City of New Orleans.
How long does Finance New Orleans have to deploy HTF funds?
Under the current Cooperative Endeavor Agreements, Finance New Orleans is expected to deploy its Housing Trust Fund allocations by July 2028.
Who is eligible to apply for HTF funds?
