THDA on hand for Crossroads groundbreaking in Nashville

THDA on hand for Crossroads groundbreaking in Nashville

Posted on Jun 15, 2021

Ground has officially been broken for the new Crossroads Campus, which THDA is helping fund with a $500K grant from our Tennessee Housing Trust Fund. The fund was officially awarded in 2019 and will assist at-risk youth in the Nashville area. Details available in the press release below.

Funds will help build 25 new units for at-risk youth

THDA awards Crossroads Campus $500,000 grant for youth facility

NASHVILLE -- A $500,000 grant from the Tennessee Housing Development Agency (THDA) will be used to help Crossroads Campus construct over two dozen new apartment units for at-risk youth in Nashville.

The Tennessee Housing Trust Fund grant was one of six totaling over $2.1 million that were awarded during the Fall 2019 round of THDA’s competitive grant program.

The project will feature 25 new permanent housing units for young adults facing homelessness, including those who have been in foster care and the juvenile justice system, or have experienced other past traumas. Crossroads Campus will reserve 25 percent of the units for youth aging out of the foster care system.

An innovative aspect of this project will be the creation of program and commercial space to operate nonprofit enterprises, which will provide job training and employment for residents.

Crossroads Campus will combine the grant with an additional $1.8 million in matching funds to complete construction of the facility.

THDA Executive Director Ralph M. Perrey said safe, affordable housing plays an important role in insuring at-risk teens make the successful transition to adulthood.

“The safety and security of a place to call home is essential to ensuring these teenagers are successful as they move forward with their lives,” Mr. Perrey said. “At-risk youth are often underserved and THDA is proud to play a role in providing that housing.”

Counseling and other support will be provided to residents of the apartments to equip them with the skills needed to be successful adults, Crossroads Campus officials said.

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.