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Tennessee

June 4, 2014

Rep. Curtis Johnson announces THDA funding for Adams

thda

Rep. Curtis Johnson (R-Clarksville) announced that the Tennessee Housing Development Agency (THDA) recently allocated $375,000 in HOME funding to the City of Adams to rehabilitate 16 owner-occupied homes owned by low to moderate-income residents who are either elderly or disabled.  The local grantee, or their designated program administrator, will provide additional information on how to apply for assistance.

108th General Assembly -  House of RepresenatativesHOME is the largest federal block grant devoted exclusively to expanding affordable housing opportunities for low-income households.  The HOME program’s flexible guidelines allow individual grantees to design and implement programs targeting a specific housing need or priority.

THDA administers the federally-funded HOME program on behalf of the State of Tennessee.  The state’s 10 MSAs receive a separate allocation of HOME funding directly from HUD.

Since 1992, THDA has utilized over $300 million in HOME funds to construct or rehabilitate over 10,500 affordable housing units.  Sixty-six percent of THDA’s HOME funding has targeted owner-occupied rehabilitation, of which half benefitted elderly residents.

THDA received $15.25 million in HOME funding for 2012 and received 112 applications requesting over $52 million.

 



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