THDA’s Tennessee Housing Trust Fund
Funding for the Tennessee Housing Trust Fund is generated from revenue earned by the agency’s Great Choice mortgage program. When funding allows, the Tennessee Housing Trust Fund supports the following initiatives; however, funding cycles may vary from year to year.
THDA Programs Supported by the THTF:
Capacity Building Program address the needs of nonprofit housing development organizations across Tennessee to increase or improve their program delivery or program management physical space and/or agency capacity in terms of strategic or succession planning, in order to undertake housing development and other directly related activities.
Competitive Grants are awarded to nonprofit organizations and local public housing authorities to develop and/or rehabilitate affordable rental housing. The program encourages affordable rental housing options that are innovative and demonstrate a creative approach to affordable rental housing.
Affordable Housing Development Gap Subsidy Grant Program addresses the financial challenge that arises for nonprofit developers when the cost of developing new homes exceeds their appraised value, a common barrier in economically distressed communities. By bridging this development gap, the program aims to promote homeownership, stabilize neighborhoods, and gradually improve property appraisal values.
The Emergency Repair Program allocates funds to make essential home repairs for homeowners who are elderly or have a disability. Application by interested homeowners should be made directly to local Administrating Agencies
Rebuild & Recover provides funds to assist eligible communities recover from a natural disaster. Grants are made to the city or county.
Partnerships Supported by the THTF
- Habitat for Humanity of Tennessee provides an annual allocation of funds to assist local Habitat affiliates with funding for the new construction of single family homes.
- The Home Modification and Ramps 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.