The National Housing Trust Fund (NHTF) is a dedicated federal fund that will provide resources that will preserve, build and rehabilitate housing for extremely-low-income Virginians (30 percent Area Median Income or lower). All NHTF funding will be made available through DHCD’s Affordable and Special Needs Housing application review process. This funding will be limited to rental projects (new construction and rehabilitation) that are creating or preserving affordable units targeting extremely-low-income individuals. THE NHTF will provide flexible, below-market-rate loans that are targeted to projects targeting these individuals. All NHTF projects have an affordability period of 30 years.