Life Bridges receives THDA funds to buy, renovate Crossing Place house
Jun 08, 2014 | 531 views | 0 0 comments | 6 6 recommendations | email to a friend | print
On hand for the presentation were, front to back, Diana Jackson, chief executive officer of Life Bridges; Hank Wilson of New Venture Realty; Ginger Davis, chief financial officer of Life Bridges; Tammy Bentley of Cleveland Abstract Title Insurance Company; and Joe Cate of the Southeast Tennessee Development District.
On hand for the presentation were, front to back, Diana Jackson, chief executive officer of Life Bridges; Hank Wilson of New Venture Realty; Ginger Davis, chief financial officer of Life Bridges; Tammy Bentley of Cleveland Abstract Title Insurance Company; and Joe Cate of the Southeast Tennessee Development District.
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Life Bridges Inc. was awarded a Housing Trust Fund Competitive Grant by the Tennessee Housing Development Agency several months ago.

Grant funding was used on May 5 by Life Bridges to purchase a house located at 131 Crossing Place. The house will also be renovated with THDA grant funding, and will be used as housing for people with intellectual disabilities.

The house has been leased by Life Bridges for several years, but with the grant funding being made available by THDA, the house was purchased debt free.

With Life Bridges owning the house debt free, rent costs to the tenants will be lower. Grant funding will also be used for renovations, including making the house fully handicapped accessible.

Diana Jackson, CEO of Life Bridges, stated “THDA has provided grant assistance over the past few years, which has resulted in renovations to two houses owned by Life Bridges Inc. and funding to acquire and renovate four houses. With the new grant, THDA has provided assistance for housing for 18 persons with intellectual disabilities.”

Jackson further stated THDA has been a great partner and its assistance is greatly appreciated by the board of directors and staff of Life Bridges.