2022 Housing Trust Fund Partnership

In fiscal year 2022, The THDA provided a one-time $1 million increase to our allocation on behalf of the State to match an anonymous donation received by Habitat, bringing the total allocation provided to $1.5 million. Habitat committed to building 50 homes across Tennessee and raising the additional $8.5 million needed to pull off this $10 million project. The 50 families served had an
average income of $34,448; 35 families had household incomes at or below 60% of their area median income and 15 families had household incomes between 61% -80% of their area median income. The average appraised value of these homes was $200,506.
Thanks to this great partnership, in 2022 alone, nearly 150 children and adults’ lives have been changed forever!

History

Since 2008, THDA has made it possible for Habitat for Humanity to build 367 homes across Tennessee. A total development value of $42 million; THDA provided $6.9 million of these funds and Habitat raised $35 million through other grant programs and donations of funds, labor and goods. As a result of this partnership, over 1,300 children and adults now live in a newly constructed, energy efficient, affordable home that they own; building strength, stability and self-reliance! Thirty-eight percent of these homes were sold to families of special needs or elderly populations.

Thank you!

In fiscal year 2022, The THDA provided a one-time $1 million increase to our allocation on behalf of the State to match an anonymous donation received by Habitat, bringing the total allocation provided to $1.5 million. Habitat committed to building 50 homes across Tennessee and raising the additional $8.5 million needed to pull off this $10 million project.
The 50 families served had an
average income of $34,448; 35 families had household incomes at or below 60% of their area median income and 15 families had household incomes between 61% -80% of their area median income.
The average appraised value of these homes was $200,506.
Thanks to this great partnership, in 2022 alone, nearly 150 children and adults’ lives have been changed forever!

2021 THDA and Habitat Tennessee HTF Final Report

In fiscal year 2021, Habitat for Humanity was granted $500,000 through THDA’s Housing Trust Fund. Habitat committed to building 30 homes across Tennessee and raising the additional $3.9 million needed to pull off this $4.2 million project. Of the 30 families served, all had household incomes at or below 60% their area median income; with an average household size of 4 and an average income of $31,987. The average appraised value of these homes is $169,783.

All 30 homes were completed prior to June 30, 2021. Thanks to this great partnership, in 2021 alone, 107 children and adults’ lives have been changed forever!

2020 THDA and Habitat Tennessee Final Report

In fiscal year 2020, Habitat for Humanity was granted $500,000 through THDA’s Housing Trust Fund. Habitat committed to building 30 homes across Tennessee and raising $3.7 million to match the grant funds of this $4.2 million project. Of the 30 families served, all had household incomes at or below 60% their area median income; with an average household income of $30,370. These 30 new houses had a combined average appraised value of $143,350.

All 30 homes were completed on time and the qualified families were sold their homes prior to June 30, 2020. Thanks to this great partnership, in 2020 alone, 109 children and adults’ lives have been changed forever!

2019 THDA and Habitat Tennessee HTF Partnership

In July of 2018, Habitat for Humanity was granted $500,000 through THDA’s Housing Trust Fund. Habitat committed to building 30 homes across Tennessee and raising $3.7 million to match the grant funds of this $4.2 million project. All household incomes were 60% or below of their area median income. The average household income was $29,500. The average appraised value was $143,300.

All 30 homes have been built and families will be moved in by the end of May, 2019. Thanks to this great partnership, in 2019 alone, 113 children and adults’ lives have been changed forever!