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 Department of Housing and Urban Development [Docket No. FR-FR-6335-N-01]
 AGENCY: Office of the Assistant Secretary for Community Planning and Development, HUD.
 ACTION: Notice of fiscal year 2022 funding awards.
 SUMMARY: The Housing and Economic Recovery Act of 2008 (HERA) established the Housing Trust Fund (HTF) to be administered by HUD. Pursuant to the Federal Housing Enterprises Financial Security and Soundness Act of 1992 (the Act), as amended by HERA, eligible HTF grantees are the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, American Samoa, Guam, the Commonwealth of Northern Mariana Islands, and the United States Virgin Islands. This notice announces the formula allocation amount for each eligible HTF grantee.
 FOR FURTHER INFORMATION CONTACT: Virginia Sardone, Director, Office of Affordable Housing Programs, Room 7164, Department of Housing and Urban Development, 451 Seventh Street SW, Washington, DC 20410-7000; telephone (202) 708-2684. (This is not a toll-free number.) A telecommunications device for hearing- and speech-impaired persons (TTY) is available at 800-877-8339 (Federal Information Relay Service). (This is a toll-free number).


SUPPLEMENTARY INFORMATION: Section 1131 of HERA, Division A amended the Act to add a new section 1337 entitled “Affordable Housing Allocations” and a new section 1338 entitled “Housing Trust Fund.” Congress authorized the Housing Trust Fund (HTF) with the stated purpose of: (1) Increasing and 
                    ( print page 38775)
                    preserving the supply of rental housing for extremely low-income families with incomes between 0 and 30 percent of area median income and very low-income families with incomes between 30 and 50 percent of area median income, including homeless families, and (2) increasing homeownership for extremely low-income and very low-income families. Section 1337 of the Act (12 U.S.C. 4567) requires Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) to set-aside 4.2 basis points (.042 percent) of the unpaid principal of their new mortgage purchases annually to fund the HTF and the Capital Magnet Fund. Each year, 65% of the amounts set-aside by Fannie Mae and Freddie Mac are then allocated to the HTF. Section 1338 of the Act (12 U.S.C. 4568) directs HUD to establish, through regulation, the formula for distribution of amounts made available for the HTF. The provisions in section 1338(c)(3) of the Act (12 U.S.C. 4568(c)(3)) specify the factors to be used for the formula and priority for certain factors. The HTF implementing regulations are at 24 CFR part 93. The factors and methodology HUD uses to allocate HTF funds among eligible grantees are established in the HTF regulation at 24 CFR 93.50, 93.51, and 93.52. The funding announced for Fiscal Year 2022 through this notice is $748,948,400.71. Appendix A to this notice provides the HTF allocation amount for each grantee. Jemine Bryon, Acting General Deputy Assistant Secretary for Community Planning and Development.
 Appendix A: FY 2022 Housing Trust Fund Allocation Amounts Grantee
FY 2022
                                 allocation1 Alabama
$7,451,9182 Alaska
2,982,4333 Arizona
11,533,1114 Arkansas
4,573,9385 California
132,021,213.716 Colorado
10,917,1217 Connecticut
9,720,2758 Delaware
2,982,4339 District of Columbia
2,982,43310 Florida
37,274,87011 Georgia
19,218,92312 Hawaii
3,744,42313 Idaho
2,982,43314 Illinois
33,710,56215 Indiana
11,745,38216 Iowa
4,884,13217 Kansas
4,646,91618 Kentucky
7,560,28119 Louisiana
8,901,54820 Maine
2,982,43321 Maryland
11,215,43322 Massachusetts
18,648,22523 Michigan
18,775,19724 Minnesota
10,497,20625 Mississippi
4,433,03526 Missouri
11,468,00627 Montana
2,982,43328 Nebraska
3,076,65029 Nevada
7,462,63330 New Hampshire
2,982,43331 New Jersey
26,873,57032 New Mexico
3,521,16533 New York
80,290,28134 North Carolina
19,660,97735 North Dakota
2,982,43336 Ohio
23,337,50337 Oklahoma
5,907,07938 Oregon
10,567,91039 Pennsylvania
25,998,64440 Rhode Island
2,982,43341 South Carolina
8,590,61542 South Dakota
2,982,43343 Tennessee
10,916,26844 Texas
47,375,11745 Utah
3,561,97946 Vermont
2,982,43347 Virginia
16,038,73248 Washington
16,889,50549 West Virginia
2,982,43350 Wisconsin
12,144,27751 Wyoming
2,919,92152 Puerto Rico
4,064,65953 America Samoa
46,18754 Guam
373,61055 Northern Marianas
205,67756 Virgin Islands
394,529Total
748,948,399.71


[FR Doc. 2022-13850 Filed 6-28-22; 8:45 am] BILLING CODE 4210-67-P