Tennessee Housing Development Agency (THDA)

Public Notice- 2015-2019 Consolidated Plan: CDBG Substantial Amendment Summary

The State of Tennessee Community Development Block Grant (CDBG) program has historically allocated the grant funds to eligible non-entitlement local governments for community development improvements including water and sewer infrastructure, public facilities, owner-occupied housing rehabilitation, and commercial façade improvements. Until the past few years, CDBG funds were also used for economic development loans. Through a process of reconciliation of grants funds an unexpended balance of $22 million has been determined to be available for allocation. $4 million was used to fund additional projects in from the 2016 regular CDBG application round. TNECD is proposing the following uses for the remaining balance of funds.

  • $1,000,000 to be used for rural microenterprise assistance. Microenterprises are considered to be businesses of five (5) or fewer employees including the owner(s).
  • $10,000,000 to be used for workforce development in rural Tennessee. These funds will be used to fund additional TCATs in rural areas that applied for the Drive to 55 Capacity Building Fund grant.
  • $2,000,000 to be allocated as a one-time use of funds to rehabilitate and reroute the Stanton Wastewater Treatment System.
  • $2,500,000 to be allocated as a one-time use of funds for the construction of an EMS facility in the southwest area of Haywood County.
  • $1,000,000 to be used for Project 95. Funds will go toward the construction of a facility to create jobs in Hancock County.
  • $200,000 to be used for the Asset-Based Planning initiative that will assist counties to identify, enhancement, and maximize their assets.
  • $300,000 to be used for a Retail Academy that will assist communities in developing and implementing plans and strategies to recruit and grow retail businesses.
  • $1,000,000 to be allocated for the use of unmet recovery needs in Sevier County and a result of the November, 2016 wildfires.

 

Please send comments and questions to Kent Archer at kent.archer@tn.gov. All comments must be received by February 28, 2017

 

Tennessee Housing Development Agency (THDA)

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. THDA’s mission is to ensure that every Tennessean has access to safe, sound, affordable housing opportunities. More information about THDA programs can be found online at http://thda.org/.

THDA Homeownership

THDA’s Great Choice Loan Program offers 30-year, fixed rate mortgages and downpayment assistance to eligible first-time, repeat and military homebuyers. Borrowers must meet certain requirements and conditions, including credit history, income limits and cost of home. http://thda.org/homebuyers/homebuyers

Additional Homeownership Links:

Homeownership for the Brave: http://thda.org/homebuyers/military

Tennessee Housing Search: http://tnhousingsearch.org/

If you have any questions or need additional information, please contact the Single Family Help Desk at 615-815-2100 or sfask@thda.org.

THDA Community Programs

The Community Programs Division administers a variety of housing programs supported through federal, state and THDA funding. The Division awards grants to local governments and non-profit agencies to meet the housing needs of low income Tennesseans. http://thda.org/business-partners/partners

For more information, please contact Don Watt, Director of Community Programs at 615-815-2030.

THDA Rental Programs

The Housing Choice Voucher (HCV) or “Voucher” program is a federal rental assistance program funded through HUD where very low-income families, the elderly and the disabled receive assistance to afford decent, safe and sanitary housing in the private market. As a state housing agency, THDA administers the Housing Choice Voucher program in 72 Tennessee counties, between 4 regional offices. http://thda.org/renters/renters

For more information, please contact Jada Lattimore, Senior Director of Rental Housing Programs at 615-815-2186

THDA Low Income Housing Tax Credit (LIHTC) Program

The Low-Income Housing Tax Credit is a credit against federal income tax liability each year for 10 years for owners and investors in low-income rental housing. The amount of tax credits is based on reasonable costs of development, as determined by THDA, and the number of qualified low-income units. http://thda.org/business-partners/lihtc

For more information, please contact Donna Duarte, Program Liaison for Multifamily Development at 615-815-4142.

Additional Housing Links:

 Tennessee Fair Housing Council: http://www.tennfairhousing.org/

2017 Governor’s Housing Summit, September 19-20, Nashville: http://thda.org/about-thda/ghc

Housing Assistance Council: http://www.ruralhome.org/