Tennessee Housing Trust Fund

General Program Uses

The Housing Trust Fund, financed by profits in the mortgage loan program, targets assistance to persons of low and very low income. The fund supports several initiatives:

  • Appalachian Renovation Loan Program: Provides funding in 31 counties for home repairs through grants to nonprofit organizations designated by THDA as a Program Participant. The program is operated jointly with the Appalachian Regional Commission.
  • Competitive Grants Program: Support rental housing activities for households at or below 80% of area median income, including the homeless and chronically homeless; 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.
  • Emergency Repair Program: Allocates funds to eight development districts and one human resource agency specifically to repair essential systems of homes to keep them livable for elderly or disabled homeowners.
  • Housing Modification and Ramp Program: Provides funding to United Cerebral Palsy of Middle Tennessee to construct ramps and make other modifications to assist persons with disabilities with access to their homes throughout Tennessee.
  • Habitat for Humanity of Tennessee: Allocates funds to this nonprofit organization annual since July 2014 to provide construction funding to local affiliates for new construction of single family homes.
  • Rebuild & Recover Disaster Program: Helps communities that have been hit by a natural disaster, but do not qualify for Federal Emergency Management Agency (FEMA) or Tennessee Emergency Management (TEMA) funds. Grants are made to the city or county.
  • THDA 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 500% within nine months of THDA’s commitment of Challenge Grant resources to the housing initiative.

For questions about the Housing Trust Fund, contact Toni Shaw, Manager, Tennessee Housing Trust Fund, 615-815-2034.

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