Home investment partnerships program

The Tennessee Housing Development Agency (THDA) received a $13.17 million formula grant award from the U.S. Department of Housing and Urban Development (HUD), Assistant Secretary for Community Planning and Development, under the Home Investment Partnerships Program (CFDA 14.239) on September 23, 2025, with a completion date of September 30, 2034. As a state-designated participating jurisdiction, THDA utilizes HOME funds to finance affordable housing activities throughout Tennessee, including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation of rental housing, and tenant-based rental assistance to low-income households.

THDA administers these HOME funds through sub-awards to local governments, nonprofits, and housing authorities to ensure statewide implementation and maximum reach. All HOME-funded housing activities must meet federal income targeting and affordability requirements, with assisted units remaining affordable for 5 to 20 years depending on the activity type and level of HOME funding contribution. The agency's role as a state government entity and conduit for federal housing support ensures compliance with HUD's comprehensive planning and reporting requirements while expanding affordable housing opportunities and providing rental assistance to low-income Tennessee residents.