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County Receives $750K Home Grants

Posted on Wednesday, September 24, 2014 at 9:42 am

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Grundy County receives $750,000 in HOME funding from the Tennessee Housing Development Agency. Pictured are (l to r): Chuck Hammonds, Assistant Executive Director for Southeast TN Development District; Kelly Gibbs, Mayor of Gruetli-Laager; Michael Brady, Grundy County Mayor; Senator Janice Bowling; Aron May, Mayor of Coalmont; David Johnson, Housing Coordinator for Southeast TN Development District; Denise McBride, THDA Middle TN Liaison.

The Tennessee Housing Development Agency (THDA) is allocating $750,000 of HOME funding to the cities of Coalmont, Gruetli-Laager and to Grundy County for homeowner rehabilitation projects.

The federally funded HOME program promotes preservation and rehabilitation of housing for households of low income.

Coalmont, Gruetli-Laager and Grundy County all independently applied for HOME funding to assist households with home repairs across the county. Each city received $200,000 and the county received $350,000, bringing the total assistance to $750,000. This funding will provide 20 families with much needed home repairs. The local governments will post information regarding timing and procedures for individuals who wish to apply for assistance.

“Residents here and across the state will benefit from the repairs conducted through this program,” explained Ralph M. Perrey, THDA executive director. “We believe everyone should have a safe place to lay their head at night, and the HOME program will make that dream a reality for more Tennesseans.”

HOME is the largest federal block grant devoted exclusively for expanding affordable housing opportunities to households of low income. The HOME program’s flexible guidelines allow individual grantees to design and implement programs targeting a specific need or priority.

THDA administers the federally funded HOME program on behalf of the State of Tennessee. 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 2013 and received 112 applications requesting over $52 million. THDA’s board of directors allocated the 2012-2013 HOME funds at the May 2014 meeting in Nashville.