THDA awards Urban Housing Solutions grant to build over 30 units

THDA awards Urban Housing Solutions grant to build over 30 units

Posted on Oct 19, 2020

Housing will help disabled residents

THDA awards Urban Housing Solutions grant to build over 30 units

Oct. 4, 2020 – A grant from the Tennessee Housing Development Agency (THDA) will allow Nashville-based Urban Housing Solutions to build nearly three dozen new housing units for adults with disabilities.

The $500,000 Tennessee Housing Trust Fund grant was one of six totaling just over $2.4 million that were awarded during the Spring 2020 round of THDA’s competitive grant program.

The funding will be used to build 34 of 70 one-bedroom units at UHS’s Rex Court Property in Nashville for low-income individuals with disabilities.

Urban Housing Solutions will combine the grant with matching funds to complete construction on the remaining 36 units.

THDA Executive Director Ralph M. Perrey said the grant funding will allow Urban Housing Solutions to provide safe, decent, affordable housing to those who need it the most.

“This project by Urban Housing Solutions will help address a need for housing for low-income residents that can be felt across Nashville,” Perrey said. “THDA is pleased to support this project by providing funding that will result in dozens of new housing units for the people that need them the most.”

Urban Housing Solutions Executive Director Rusty Lawrence said a project of this scale would not be possible to do without the financial support of partners like THDA.

“The funding from THDA will allow us to provide quality, energy-efficient housing options to some of Nashville’s most vulnerable residents,” Lawrence said. “When combined with other funding sources, we will have 70 brand new units available to serve our clients.”

The construction of the 70 new units will take place alongside the renovation of Urban Housing Solution’s existing 96-unit Rex Court property. Both projects will increase the available units at the property to 166. Residents of the units will have access to supportive services provided by Urban Housing Solutions ranging from transportation to support for previously homeless persons.

The Tennessee Housing Trust Fund (THTF) was created by the THDA board of directors to provide financial support for innovative, affordable initiatives that serve the housing needs of Tennessee’s most vulnerable residents.

Funding for the Tennessee Housing Trust Fund comes entirely from earnings generated through THDA’s Single Family Mortgage program. THTF grants are awarded through a competitive application process. Since 2006 THDA has provided over $73.2 million in THTF grants to local governments and nonprofit organizations across the state.