Tennessee Housing Trust Fund

General Program Uses

The Housing Trust Fund, financed by proceeds from THDA's mortgage loan program, serves the needs of low- and very low-income elderly and special needs Tennesseans. Grants are awarded to and administered by cities, counties, development districts, public housing authorities, and nonprofit organizations. The fund supports several initiatives:

  • The Challenge Grant Program provides initial seed funding to support the fundraising efforts of nonprofit organizations across Tennessee to implement housing activities that represent unique milestones, are part of a broad community initiative, or are part of a significant expansion of work outside the normal day to day activities of the organization. Selected proposals must generate cash leverage of at least 300% within nine months of THDA’s commitment of Challenge Grant resources to the housing initiative.
  • Competitive Grants are awarded twice a year to develop and/or preserve affordable rental housing for the elderly and those with special needs, including persons with mental, physical, or developmental disabilities; individuals recovering from substance addiction; victims of domestic violence; veterans with multiple needs; youth aging out of foster care; and ex-offenders re-entering society. Eligible applicants are local communities, non-profit agencies, public housing authorities, and development districts.
  • Habitat for Humanity of Tennessee has been provided an annual allocation of funds since July 2014 to provide statewide Habitat affiliates with funding for the new construction of single family homes.
  • The Emergency Repair Program allocates funds to make essential home repairs for elderly or disabled homeowners. The program is administered statewide by eight development districts and one human resource agency.
  • The Housing Modification and Ramp Program provides funding to construct ramps and make other home modifications to assist persons with disabilities gain better access to their homes. This program is administered statewide through United Cerebral Palsy of Middle Tennessee.
  • Rebuild & Recover provides funds to assist eligible communities recover from a natural disaster. Grants are made to the city or county.

For questions about the Housing Trust Fund, email Toni Shaw, Manager, Tennessee Housing Trust Fund, or call 615-815-2030.

A history of the funding sources and outlays for the Housing Trust Fund is available here.