---
kind: "section"
citation: "24 C.F.R. § 93.400"
title: "24"
number: "93.400"
heading: "Housing Trust Fund (HTF) accounts."
url: "https://uscodex.org/cfr/24/93.400"
---

# §93.400. Housing Trust Fund (HTF) accounts.

- (a) **General.** HUD will establish an HTF United States Treasury account (HTF Treasury account) for each grantee. Each grantee may use either a separate HTF local account or a subsidiary account within its general fund (or other appropriate fund) as the HTF local account.
- (b) **HTF Treasury account.** The HTF Treasury account includes the annual grant and funds reallocated to the State by formula.
- (c) **HTF local account.**
  - (1) The HTF local account includes deposits of HTF funds disbursed from the HTF Treasury account, any program income, and any repayments as required by [§ 93.403](/cfr/24/93.403.md).
  - (2) The HTF local account must be interest-bearing.
- (d) **Reductions.** HUD will reduce or recapture funds in the HTF account by the amount of:
  - (1) Any fiscal year grant funds in the HTF Treasury account that are not committed within 24 months after the date of HUD's execution of the HTF grant agreement;
  - (2) Any fiscal year grant funds in the HTF local account that are not expended within 5 years after the date of HUD's execution of the HTF grant agreement;
  - (3) Any amounts pursuant to [§ 93.453](/cfr/24/93.453.md); and
  - (4) Amounts that the grantee fails to obtain and that were required to be reimbursed or returned under [§ 93.450](/cfr/24/93.450.md).

## Notes

### Authority

Authority: 42 U.S.C. 3535(d), 12 U.S.C. 4568.

### Source

Source: 80 FR 5220, Jan. 30, 2015, unless otherwise noted.