National Housing Trust Fund (2008)
Congress created the National Housing Trust Fund in 2008 to provide a dedicated stream of federal money for affordable housing. It's funded by assessments on Fannie Mae and Freddie Mac, not annual appropriations.
The fund sat largely empty for years because the housing agencies were in conservatorship after the 2008 crisis.
It now distributes hundreds of millions annually to states for housing production.
Shows the trust fund model, a dedicated revenue stream for housing, working at federal scale. Ingham County uses the same mechanism locally.
