The Tennessee Housing Development Agency is accepting applications for its Home Rental Housing Development Grant Program.
Donor Name: Tennessee Housing Development Agency
State: Tennessee
County: All Counties
Type of Grant: Grant
Deadline: 07/30/2026
Size of the Grant: More than $1 million
Grant Duration: Grant Duration Not Mentioned
Details:
The Tennessee Housing Development Agency (“THDA”) administers the federally funded HOME Investment Partnership Program (“HOME”), which is designed for the production and preservation of affordable housing through the acquisition, new construction, or rehabilitation of affordable housing for low-income households. The purpose of this Program Description is to explain the program requirements and application process.
The Tennessee Housing Development Agency will provide HOME funding under its HOME Rental Housing Development Program (the “Program”) for the new construction and/or acquisition and rehabilitation of rental housing projects.
- Projects being developed in urban areas, as defined in Section 6 of this document, may not consist of more than 11 units of housing total. The funding may be combined with other resources, except Low-Income Housing Tax Credits.
- Projects that are being developed in rural areas,of this document, must not have more than 11 HOME-Funded units, but the total number of units in the project is not limited. The funding may be combined with other resources, including LIHTC.
Funding Information
At least $300,000 and may apply for a maximum grant of $1,500,000.
Eligibility Criteria
THDA will accept applications from qualified Community Housing Development Organizations (“CHDOs”), other nonprofit housing organizations, Public Housing Authorities, and for-profit single purpose legal entities (e.g. Corporation, Limited Partnership, Limited Liability Partnership) that are the ownership entities of LIHTC projects in rural areas. All applicants must be the final owner of the proposed rental housing project. An applicant must materially participate (regular, continuous, and substantial on-site involvement) in developing, owning, and operating the development throughout the Period of Affordability, as defined herein. To be eligible the entity must meet the following criteria:
- Be organized and existing to do business in the State of Tennessee, or if organized in another state, be qualified to do business in the State of Tennessee.
- Demonstrate at least two (2) years of related housing development and management experience. For this Program, “related housing experience” means the development, ownership, and management of affordable rental housing
- For acquisition only of a qualified housing development, demonstrate at least two years of related housing management experience.
- Demonstrate the financial capacity necessary to undertake, complete, and manage the proposed project, as demonstrated by its ability to own, construct, or rehabilitate and manage and operate affordable rental housing. THDA will evaluate the experience of the entire proposed team with owning, developing, and managing projects of similar size and scope serving the intended population proposed. Applicants and their development team must undergo an evaluation by THDA of their capacity before the applicant may qualify as an Eligible Recipient, as defined herein
- Have demonstrated understanding of the Federal, State and local housing programs used in conjunction with HOME funds to ensure compliance with all applicable program requirements and regulations
- Not be debarred or excluded from receiving federal assistance or THDA assistance prior to selection or executing the grant contract with THDA.
- Certify that housing units assisted with HOME funds will comply with HOME program requirements during the entire period that begins upon selection and ends upon the conclusion of all HOME-funded compliance and Periods of Affordability.
- Receive a minimum of 60% of the points available for a minimum score of 60 or greater.
For more information, visit THDA.
