The Dutchess County Housing Trust Fund (HTF) was created in the fall of 2022 in response to long-standing housing availability and affordability challenges throughout the county. The HTF provides a flexible and nimble funding source to aid the implementation of a variety of affordable housing efforts as outlined in the 2022 Dutchess County Housing Needs Assessment.
First Round of Awards Announced:
In March 2023, the County Executive awarded over $8.9 million from the Housing Trust Fund to create or preserve over 600 affordable rental units around the county. These new rental units will be available to households making between 30%-80% of the Dutchess County Area Median Income (AMI).
See Funding Awards for more information on each project.
Stay tuned for future announcements and funding opportunities.
The awards announced in March 2023, for the first funding round of the HTF's Housing Creation and Preservation program, totaled $8,996,134 as follows:
Goals of the Dutchess County Housing Trust Fund include:
The Housing Trust Fund's framework includes three overarching programs, each with a variety of potential eligible activities. For each funding round, the County will indicate which programs and activities are eligible for funding at that time.
Housing Creation and Preservation (HCP) Program:
Infrastructure and Pre-Development Support (IPDS) Program:
First-Time Homeownership (FTH) Program: