Life Bridges receives $173,870 THDA grant
Nov 24, 2013 | 708 views | 0 0 comments | 4 4 recommendations | email to a friend | print
Nashville — On Nov. 19, The Tennessee Housing Development Agency board of directors approved Housing Trust Fund grant funding for seven housing organizations statewide that serve elderly, very-low income, and special needs Tennesseans.

Three of those organizations — Life Bridges Inc., AIM Housing, and Habitat for Humanity of Tennessee — serve the housing needs of Southeast Tennessee.

Life Bridges Inc. will use $173,870 in HTF funds to acquire and rehabilitate one unit of rental housing in Cleveland, serving three individuals with intellectual disabilities.

AIM Housing Inc. (Chattanooga) will use $270,000 in HTF funds to acquire and rehabilitate four units of rental housing serving an individual and three families, one of which includes an adult with a mental health diagnosis.

Habitat for Humanity of Tennessee will use $400,000 in HTF funds to construct 16 units for homeownership in partnership with Habitat affiliates across the state.

2014 Fall Mini-Round funding from the HTF was allocated based on a competitive grant process with $1.5 million in available funds. THDA received 23 applications from across the state, ultimately awarding funds to seven different organizations.

“We are excited about partnering to provide better housing situations for our neighbors,” said Ralph M. Perrey, executive director of THDA.

“These organizations will take a little bit of our money and leverage it into new housing opportunities for the most underserved Tennesseans. THDA is proud to stand behind that mission.”

The HTF was established by the THDA board of directors in 2006. Since the first competitive grant round in 2007, the HTF has contributed over $27 million to new, innovative, affordable housing initiatives across the state.