A Guide for How to Use State and Local Funds for Affordable Housing

Click to open Affordable Housing How-To-Guide

To assist recipients in implementing these funds for affordable housing, the Department of the Treasury, the Department of Housing and Urban Development, and the U.S. Department of Agriculture have prepared this guide, which provides a summary of updated guidance related to State and Local Fiscal Recovery Funds (SLFRF) recipients’ ability to use SLFRF funds to invest in affordable housing. The guidance, which can be found in Final Rule FAQs 2.14 and 4.9, was updated in March 2024 and clarifies and expands on the framework in the SLFRF final rule.

This “how-to” guide provides examples of how recipients can combine and “layer” SLFRF with other sources of funding to maximize resources and meet housing needs.