The National Low Income Housing Coalition (NLIHC) issued a new report documenting the impact of the National Housing Trust Fund (HTF). Most of the 2018 HTF allocation—more than $181 million—was used to construct new affordable housing units. Another $7 million was used for adaptive reuse projects, creating more affordable housing in properties previously used for non-housing purposes. Although reported to HUD as “rehabilitation,” NLIHC research showed that these projects used more than $5 million to create new affordable housing. Meanwhile, $41 million of HTF was used to preserve existing affordable housing, of which more than $18.5 million was used to help preserve earlier federal investment in affordable housing through HUD’s Project-Based Section 8 program and USDA’s Rural Development (RD) Section 515 program.