To develop and/or preserve rental housing for low- and very-low income households, the elderly, and those with special needs. Examples of special needs populations include the disabled, ex-offenders, victims of domestic abuse, and youth aging out of foster care.
Who Can Apply?
Cities, counties, non-profit agencies, public housing authorities, development districts, and other State agencies
Private citizens - Private citizens cannot access this program directly.
- New construction
- Acquisition of land upon which rental housing will be built
- Acquisition of existing rental units
- Rehabilitation of existing units
- Conversion of non-residential units to residential units
What Type of Funds are Available?
Approximately $5 million is allocated every year, upon approval by THDA's Board of Directors. These funds come from the Tennessee Housing Trust Fund, which is financed by profits from THDA's mortgage loan program. Funds are awarded based upon a rigorous competitive application and scoring process, with two grant rounds awarded every year: one in the fall and one in the spring. The maximum grant award is $500,000 per grantee, per grant round. There is no minimum.