Housing trust fund

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the Tennessee Housing Development Agency $3.286 million under the Housing Trust Fund program on September 23, 2025. The Housing Trust Fund (CFDA 14.275) provides formula allocations to states for production, preservation, and rehabilitation of rental housing serving extremely low-income and very low-income households. THDA, a state housing agency headquartered in Nashville, Tennessee, typically sub-awards Housing Trust Fund allocations to local governments, nonprofits, and housing authorities for statewide program implementation. The award obligates $3,286,783.59 with a completion date of September 23, 2032 and place of performance in Nashville, Tennessee. Formula grantees must submit an allocation plan by August 16, 2026, commit all funds to projects within 24 months of drawdown, and expend all funds within five years. Records documenting affordability must be retained for five years beyond the required period of affordability. This is a formula grant, classified as an assistance award rather than a procurement contract.