Tucson Housing
Trust Fund (THTF)
On October 10, 2006 Mayor and Council
unanimously established the THTF, authorized initial funding sources
and approved a governance structure.
Need
• Good quality
housing that is affordable to the average family is a keystone for
Tucson’s future.
• A Housing Trust
Fund is a local initiative to meet this need.
Funding
• The THTF annual
funding goal is three to five million dollars.
• Initial sources are
the sale of City-owned properties, a fee on the conversion of rental
properties, and unexpended funds from the utility service low income
assistance program.
• All housing
stakeholders are being approached to share in the HTF financing. No
one sector is being asked to shoulder the entire
responsibility.
Attributes
• A THTF, overseen by
a Mayor and Council appointed Committee, will be more
flexible than federal programs in creating local answers to
local housing problems.
• The THTF is devised
to be sustaining within five years by recycling the majority
of its funding.
• The THTF will also
increase opportunities to leverage private, state and federal
funds.
Families Served
• Approximately 2,100
families will be assisted for every million dollars dedicated to the
THTF over the next 20 years.
• This breaks down to
900 families being helped with down payment assistance to get into
their first home, 800 families with improvement loans to maintain
their residences and 400 of the city’s most vulnerable families with
new or improved rentals.
For more information click on the links below
or contact Ron Koenig or Ron Whitman at (520) 791-4636.
Tucson Housing Trust Fund Draft Implementation
Plan
“A Solid Foundation - A Strong Community” Brochure
|
