Houston is facing bankruptcy after Greenock businessman Easdale threatened to sue him over comments made by third parties on the SoS Facebook page in recent months.
The Gers director is seeking £200,000 in damages for the posts on the social networking site and Houston has refused to sign a gagging order that would end the threat of legal proceedings.
The 41-year-old father-of-two admitted this week he was "terrified" of the consequences of losing his case against Easdale.
But he could now be given financial support from the fund set up in the midst of Rangers' off-field troubles two years ago.
The Light Blue legions have blasted Easdale's decision to issue a Court of Session summons to Houston in his claim for defamation as tensions have once again risen between supporters and the under-fire Ibrox board.
SportTimes understands around £520,000 remains in the RFFF, whose Trustees include current Gers boss Ally McCoist, former manager Walter Smith, Sandy Jardine and fans' chief Jim Hannah.
A final decision on whether to help Houston would have to be made at a general meeting of supporters clubs, with a majority vote then required to pass the motion.
A statement said: "The RFFF voted that in the event of litigation against Craig Houston, arising from content on the Sons Of Struth Facebook page, a proposal to provide financial support will be taken to a general meeting of fans."
Meanwhile, Rangers will not put tickets for their Scottish Cup clash with Dundee United on sale until early next month as they await final confirmation of their allocation for the semi-final tie.
The Ibrox side have been allocated the Bill Struth Main Stand and Copland Stand.