Tennessee

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Tennessee Housing Development Agency released a list of preliminary proposed changes to the Draft 2021 QAP. Comments should be sent by Sunday, April 26. THDA will host a 2021 Multifamily Programs Developer Forum on April 22 from 1:00 to 3:00 pm CT.

The Tennessee Housing Development Agency (THDA) Board of Directors has approved an additional $100 million of 2020 Multifamily Tax-Exempt Bond Authority (2020 MTBA). For your convenience the summary can be found here. The current available MTBA as of March 30 can be found here.

The Metropolitan Council of Nashville and Davidson County (Metro Council) amended the original fast track legislation to include inspections and certificates of occupancy by the Department of Codes and Building Safety for qualifying affordable housing developments.

The Tennessee Housing Development Agency (THDA) released the following message on QAP requirements for Certified Property Management:

The Tennessee Housing Development Agency (THDA) released a $3,377,390 2020 National Housing Trust Fund Notice of Funding Availability (NOFA). The funding will go to Public Housing Authorities and nonprofit developers to implement eligible, affordable rental housing development activities, including the acquisition and/or rehabilitation of units or the new construction of units for rent to extremely low-income persons.

The Tennessee Housing Trust Fund Competitive Grants Program supports rental housing development activities for households at or below 80 percent of area median income, including the homeless and chronically homeless; persons with mental, physical or developmental disabilities; individuals recovering from substance addiction; victims of domestic violence; veterans with multiple needs; youth aging out of foster care; and ex-offenders re-entering society. Nonprofit organizations, cities, counties, development districts, other State departments and public housing authorities are all eligible to apply.

Pennrose and the Chattanooga Housing Authority (CHA) celebrated the redevelopment groundbreaking ceremony for Cromwell Hills and Emerald Villages in Chattanooga, TN. The comprehensive initiative will repair and upgrade 200 units at the Cromwell Hills apartment complex and redevelop 111 scattered-site units into the new Emerald Villages.

The Tennessee Housing Development Agency (THDA) recently released 2020 Application Updates, the THOMAS User Manual and the 2020 New Construction County Needs Scores. THDA intends to propose an amendment related to Special At Risk and Distressed Counties Assistance which would impact the 2020 competitive cycle at the January 29, 2020 Board Meeting.

Due to the city’s ongoing budget crunch, newly-elected Nashville Mayor John Cooper has proposed to cut funding in half for the Barnes Fund for Affordable Housing.  The city faces an estimated budget shortfall of $41.5 million.  Mayor Cooper indicated the city would only award $5 million in Barnes Fund Grants this year.  The Barnes Fund […]

The Tennessee Housing Development Agency will host an information session on the 2020 Innovation Round on October 25 from 10:00 to 11:30 am CDT via webinar with access code 800-634-591. The 2020 Round has been divided into two themes: (1) Adaptive Reuse/Conversion in a Rural County and (2) Supportive Services for Special Housing Needs. Any […]

The Tennessee Housing Development Agency announced that there will not be a Special Tax Credit Committee Meeting this month. The next Tax Credit Committee Meeting will be September 24 in Chattanooga, TN. More information will be posted on the THDA website. THDA will publish the Preliminary Ranking to the website in September.

The Tennessee Housing Development Agency (THDA) allocated $500,000 to the 2020 Challenge Grant Program. Grant applications must be received before 4 pm CDT on August 8, 2019.