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.
HOME 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.