Housing Trust Fund Q&A
About American Rescue Plan Act (ARPA)
In March 2021, President Biden signed the American Rescue Plan Act. This legislation established the Coronavirus State and Local Fiscal Recovery Fund, which provides significant resources to state, local, territorial, and Tribal governments to support urgent COVID-19 response efforts. Recipient governments have a once in a generation opportunity to invest these SLFRF dollars to boost the supply of affordable housing.
Through American Rescue Plan Act (ARPA), Coronavirus State and Local Fiscal Recovery Fund (SLFRF) federal appropriation, the Salt Lake County Housing Trust Fund has approximately $20 million to make this investment and assist qualifying households who have been impacted by the COVID-19 pandemic.
- Counter the effects of the pandemic, support families, and businesses struggling with its public health and economic impacts
- Maintain vital public services, even with declines in revenue resulting from the pandemic
- Build strong, resilient, and equitable recovery by making investments that support long-term growth and opportunity