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How the Federal Government Plans to Stop the 'Worst-Case' Housing Crisis

The National Housing Trust Fund will give housing assistance to the very poorest households in the nation.
U.S. Department of Housing and Urban Development Secretary Julián Castro speaking at a meeting of the U.S. Conference of Mayors in Washington, D.C., in January.
U.S. Department of Housing and Urban Development Secretary Julián Castro speaking at a meeting of the U.S. Conference of Mayors in Washington, D.C., in January.Cliff Owen/AP

The federal government debuted a program on Monday to provide housing for the very poorest residents in America. The National Housing Trust Fund is a new affordable-housing program, one that creates permanently affordable housing for extremely low-income households.

Julián Castro, Secretary for the U.S. Department of Housing and Urban Development, announced that $174 million in allocations for the National Housing Trust Fund would be available soon. He and other officials from HUD, along with other housing policy officials, broke down the details Monday at a forum hosted by the National Low Income Housing Coalition. Here’s everything you need to know.