THDA Gives Competitive Grant to Omni For Aged Out Foster Kids
Tennessee Housing Grants Foster Kids Extended Housing Aid
April 5, 2022 – The Tennessee Housing Development Agency has selected Omni Family Foundations for its competitive Housing Trust Grant and delivered the check Monday totaling over $239,000.
Executive Director Ralph M. Perrey presented the check to Director Page Walley, who sits as a current Tennessee senator, among four Tennessee senators and an Omni Board member. In attendance was Sen. Sara Kyle, Sen. London Lamar, Sen. Ed Jackson, and Omni Board member Missy Marshall. The event was held at Omni Family Foundations in Jackson, Tenn.
“Omni Family Foundations has an incredible plan to help give housing resources and assistance to young adults who age out of the foster care system,” Perrey said. “THDA is eager to see the positive impact this project will make in West Tenn.”
Omni board member Marshall said: “To invest in the future of these children is to invest in the growth and success of West Tennessee and we are so thankful to THDA for this grant money and the investments they make all over Tennessee.”
State Sen. London Lamar said that being able to be present and support this initiative is so important. Senator Lamar was thankful for the opportunity to show her support for THDA’s grant and the Omni project.
Omni Family Foundations, which has locations in Madison and Shelby counties, is proposing to acquire 16 units of transitional housing in Memphis and Jackson to serve youth aging out of foster care. Omni Family Foundation will work in collaboration with Omni Visions, Inc. and the Tennessee Department of Children’s Services to provide case management and other support services.
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 2007 THDA has provided over $109 million in THTF grants to local governments and nonprofit organizations across the state.
As the State’s housing finance agency, the Tennessee Housing Development Agency (THDA) is a self-sufficient, independently funded, publicly accountable entity of the State of Tennessee. Our purpose is to meaningfully expand safe, sound, affordable housing opportunities for low and moderate income Tennesseans. More information about THDA can be found online at THDA.org