Program Summary 2011

2011Program Summary

404 James Robertson Parkway, Suite 1200Nashville, TN 37243-0900800-228-THDA - www.THDA.org

Tennessee Housing Development Agency

Tennessee Housing Development Agency 2011 Program Summary


Contents:Introduction 2

Acknowledgements 2

Economic Impact of THDA Activitieson the Tennessee Economy - 2011

3

Program Summary Notes 4-9

Statewide Program Summary 10-11

County Program Summaries(in alphabetical order)

12- 118

Statewide Summary ChartsFigure 1: Percentage of Families Served and Dollars Expended/Allocated among various THDA Rental Programs, 2011 Figure 2: Percentage of Families Served and Dollars Expended/Allocated among various THDA Homeownership Programs, 2011

Figure 3: Families Served, All THDA Programs, 2011

Figure 4: Dollars Expended/Allocated, All THDA Programs, 2011Figure 5: THDA Single Family Mortgages, 2002-2011

Figure 6: Percentage of 2011 THDA Activities - Homeownership vs. Rental Programs

Figure 7: Counties with the Highest Number of THDA Single Family Mortgages, 2011

Figure 8: Counties with the Highest Value of THDA Single Family Mortgages, 2011

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59

89

89

95

101

115

115

Congressional District Summaries 119 - 127

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Introductionby Ted R. Fellman, THDA Executive Director

The Tennessee Housing Development Agency (THDA) was created in 1973 as a self-supporting state agency with the mission to develop affordable housing. THDA has grown substantially over the years to help provide affordable housing opportunities for homeownership, homeowner rehabilitation, homebuyer education, foreclosure prevention, development of affordable rental housing and rehabilitation of existing affordable rental housing, rental assistance, grants and loans for housing programs and more.

We are proud to present a summary of the work that THDA, with our partners across Tennessee, achieved in 2011. These pages document how federal dollars were leveraged with THDA and local funding, administrative expertise, compassion and sweat equity to bring security, safety and affordability to households of very low, low and moderate incomes. In this Program Summary you will find descriptions of all the THDA programs, charts that give a visual representation of our impact in 2011, and then a breakdown of all of THDA’s activities for the entire state, then by each county in alphabetical order, and by Congressional district. For any questions about the methodology used in creating this summary, please read the Program Summary Notes on pages 4-8. These pages feature a description of each program followed by notes on the methodology used in calculating reported numbers.

Affordable housing is an extremely important economic and social catalyst in our state. Both housing rehabilitation and new construction creates jobs and increases state and local tax revenues. During 2011, the economic impact in Tennessee of THDA’s programs alone was $728.6 million. For more information about THDA’s economic impact view the Economic Impact of THDA Activities on the Tennessee Economy - 2011 summary on page 3.

As Tennessee’s housing finance agency, we are inspired by the partnerships we’ve developed that have a profound impact on individuals and communities across Tennessee. It is so gratifying to meet people whose lives have been improved because of THDA and our partners. Together we are working to encourage the development of affordable housing options, so that every Tennessean has a safe, sound and affordable place to live.

AcknowledgementsThis program summary was reported by Hulya Arik, PhD., Rina Sutphin and Bettie Teasley Sulmers, THDA Research and Planning Division. The layout is by Charmaine Wilde, THDA Public Affairs Division. Special thanks goes to THDA Program staff, Information Technology Staff as well as others in the Research and Planning Division for their time and effort in providing the information necessary for this program summary.

For more information on THDA programs, please refer to our website at www.thda.org

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Economic Impact of THDA Activities on the Tennessee Economy - 20111 Leading Tennessee Home by creating safe, sound, affordable housing opportunities is the mission of Tennessee Housing Development Agency (THDA). A safe, sound affordable home supports family and individual health, economic and employment success, educational achievement, and contributes to the sustainability of the neighborhood and the community.

In addition to benefitting individuals and families, THDA programs creates jobs, income, and spending in the local economy which add to state and local tax revenues.

In this study, we developed a comprehensive framework to estimate the economic impact of THDA activities in providing safe, sound, affordable housing options to households of low- and moderate-income. We reviewed THDA programs, both loans and grants, to determine the scope and the monetary flows of each program’s activities. Because of the economic multipliers or the “ripple” effect, THDA’s affordable housing programs impact many industries in the economy, going far beyond the specific unit or the neighborhood in which THDA program money is spent2.

Economic Impact of THDA-Related Activities in 2011The total economic impact described below is the sum of direct THDA spending, indirect business to business transactions in Tennessee’s economy and additional employee spending.

Business revenueThe total contribution of THDA-related activities to Tennessee’s economy was estimated at $728.6 million in 2011• Of this total, $388 million was directly injected into the economy by THDA-related activities• Every $100 of THDA-related activities generated an additional $88 in the business revenues

Personal incomeTHDA-related activities generated $257.3 million in wages and salaries in 2011• Every $100 of personal income produced an additional $85 in wages and salaries in the local economy

Employment / Job CreationTHDA-related activities created 6,540 jobs in 2011• Every 100 direct jobs created by THDA-related activities, primarily in the construction sector, generated 72

indirect jobs throughout the local economy

State and local taxesThe THDA-related activities accounted for $40 million in state and local taxes in 2011.

___________1This is the Executive Summary of the Economic Impact of THDA Activities on the Tennessee Economy - 2011 report. The full report is available on our website, www.thda.org, under Research and Planning.

2We used the IMPLAN input-output model to calculate these “ripple” effects.

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Program Summary Notes(THDA programs are in the order of appearance in the Statewide and County Program Summary Pages)

Homeownership Loan ProgramsSince its inception in 1973, THDA has helped more than 105,000 households become homeowners through our Single Family Homeownership Programs. THDA offers four affordable, 30-year fixed rate mortgages for income eligible first-time buyers through local lenders: Great Rate, Great Advantage, Great Start and New Start.

• Great Rate offers a competitive interest rate.

• Great Advantage offers an interest rate set at one-half of a percentage point above Great Rate and borrowers receive two percent of the mortgage amount as a grant to be used for down payment and/or closing costs.

• Great Start has an interest rate one-half of percentage point higher than Great Advantage and borrowers receive funds equal to four percent of the total mortgage loan amount as a grant to use for down payment and/or closing costs.

• New Start loans, delivered only through nonprofit housing providers for households of very low income, are designed to promote the construction of new houses and these loans carry zero percent interest rate.

THDA also offers the Preserve Loan Program. This program offers low interest loans to low- and moderate income homeowners to make necessary home repairs.

Methodology: In 2011, both the number of homeowners and dollar value of mortgages include one Preserve loan.

Keep My Tennessee HomeThe Keep My Tennessee Home Program (Tennessee’s Hardest Hit Fund) provides forgivable loans to unemployed or substantially underemployed homeowners who, through no fault of their own, are financially unable to make their mortgage payments and are in danger of losing their homes to foreclosure. Tennessee is one of 18 states plus the District of Columbia that are receiving Hardest Hit Funds due to having an unemployment rate that was higher than the national average.

Methodology: The dollar amounts for this program include mortgage arrears, monthly mortgage payments and mortgage related expenses such as property taxes, homeowner insurance, and homeowner association (HOA) dues. It is possible that some loans included in this report closed late in December 2011 but a payment has yet to be made on behalf of the borrower. In these cases, there will not be an associated dollar amount for the loan. In 2011, six counties (Campbell, Claiborne, Grainger, Monroe, Roane, and Unicoi) did not have a loan amount even though there were closed loans.

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Foreclosure Prevention ProgramTHDA was awarded more than $3 million dollars in National Foreclosure Mitigation Counseling (NFMC) grant program funds. THDA has used those funds to train counselors working in different nonprofit agency offices across the state to provide free and confidential counseling services for Tennesseans facing default and foreclosure. THDA has partnered with NeighborWorks® America to provide certification training for our nonprofit partners. THDA’s certified foreclosure prevention counselors possess a strong knowledge in the area of mortgage default and/or foreclosure intervention counseling, specifically relating to current industry practices of loss mitigation to include loan repayment, forbearance, modification, refinance, loan assumption, short sale, deed-in-lieu, community referrals and other remedies available to the homeowner to avoid foreclosure. THDA maintains a list of certified counselors who can help consumers on our website, www.thda.org.

Methodology: The county level data are based on the address of the household served rather than the address of the non-profit service provider. The cumulative dollars for foreclosure prevention do not reflect dollars spent on the program in 2008.

The Homebuyer Education ProgramSince the home purchase process can be costly and complex, THDA requires homebuyer education for all Great Advantage, Great Start and New Start mortgage program applicants and encourages it for everyone considering homeownership. The purpose of homebuyer education is not only to assist people with purchasing homes, but also to help them become successful homeowners. THDA provides local nonprofit organizations with materials to teach first-time homebuyer education classes and certifies homebuyer education trainers. THDA maintains on its website a list of certified homebuyer education trainers who can help consumers as they consider purchasing a home.

Methodology: The Homebuyer Education Program pays certified homebuyer education trainers the cost of homebuyer education for those whose mortgages are funded in one of THDA’s homeownership programs. A time lag between the date of funding the loan and paying the trainers for the homebuyer education is possible. Therefore, the number of loans funded in a county may differ from the number of borrowers that received homebuyer education in the county.

The HOME ProgramTHDA and local participating jurisdictions administer the federally funded HOME Program to promote the production, preservation and rehabilitation of housing for individuals and families with low income. THDA’s HOME funds are awarded annually through a competitive application process to cities, counties, nonprofit organizations and Community Housing Development Organizations (CHDO).

Methodology: HOME funds can be used for homeownership or rental activities. Both the households served and dollar amounts for HOME are given separately for each of these two activities. The dollar amounts include the administrative funds provided to grantees. From 2004 to 2009, the HOME program also funded American Dream Downpayment Initiative (ADDI). The cumulative HOME dollars and units include ADDI.

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The Housing Trust FundThe Housing Trust Fund (HTF) was created in 2006 to serve the needs of Tennesseans in three categories: very low-income, low-income and elderly, or low-income with special needs. Very low income includes those earning 50% or less of the area median income. HTF’s model for funding includes THDA funds, private sector investment and matching funds from local grantees. HTF funds four programs: the Housing Modifications and Ramps Program, the Rural Housing Repair Program, the Emergency Repair Program and the Competitive Grants Program. The Housing Modifications and Ramps Program provides funds to United Cerebral Palsy and other nonprofit partners to build ramps and make other modifications to assist persons with disabilities with access to their homes. Rural Housing Repair Program funds are allocated to the USDA Rural Development to supplement its Rural Housing Repair Program. The Emergency Repair Program for the elderly provides grants to low income homeowners who are 60 years old or older to correct, repair, or replace an essential system and/or a critical structural problem. The purpose of the program is to stabilize the elderly homeowner’s residence by making rapid, essential repairs to make the home livable. The Competitive Grants Program supports the chronically homeless, persons with mental retardation or mental illness, citizens with developmental disabilities, single mothers recovering from substance addiction or physical abuse, veterans with multiple needs and ex-offenders re-entering society.

Methodology: The dollar amounts for HTF programs include the administrative funds provided to grantees. The dollar amounts and households served for all of the HTF programs with the exception of the Competitive Grants Program are based on expenditures that occurred during the year. For the Competitive Grants Program, grantees have multiple years to complete their projects. Therefore, we report funds awarded to the non-profits, local communities and regional organizations during the year rather than money expended for competitive grants program. Competitive Grants were not awarded during 2011. In previous years, dollar amounts were reported based on money spent in the program for a given year. In 2011, we revised our previous year figures to include only the awarded dollar amount.

Community Investment Tax Credit (CITC)Financial institutions use the Community Investment Tax Credit (CITC) Program to make investments in affordable housing through construction, rehabilitation, acquisition, down payment assistance, pre-purchase counseling, housing-related supportive services and capacity-building activities. The credit is against the sum total of taxes imposed by the Franchise and Excise Tax Laws when qualified loans, investments, grants or contributions are extended to housing entities for engaging in eligible low income housing activities.

Methodology: CITC dollars represent the amount of below market loans made that are eligible for CITC rather than the amount of tax credit received. CITC funds can be used for homeownership, rental, and homelessness prevention activities. Both the households served and dollar amounts for CITC are given separately for each of these activities. CITC county totals do not include the data where the county served cannot be determined. This includes: 12 households with individual development accounts in Greene, Sullivan and Washington counties and four households who will receive downpayment assistance in several counties.

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Program Summary Notes Continued

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The Low Income Housing Tax Credit (LIHTC)The Low Income Housing Tax Credit is a credit against federal income tax liability for owners of and investors in low-income rental housing. The tax credit was designed to create and preserve safe and affordable rental housing for residents of low-income. The amount of tax credits is based on reasonable costs of development, as determined by THDA, and/or the number of qualified affordable units.

Methodology: Developments that are counted in a given year are based on the year in which the tax credits are allocated, rather than the year in which the property construction or rehabilitation is completed. The dollars listed under the LIHTC program represent the total value of tax credits over ten years. In Program Summaries before 2010, tax credit dollar amounts were reported as an annualized figure rather than the full value of the 10-year tax credit allocation. In 2011, LIHTC units and tax credit amounts were revised to reflect changes resulting from tax credit deals that fell through, were exchanged or received a different tax credit allocation.

Multifamily Bond AuthorityThe Multifamily Bond Authority program provides permanent financing for new construction of affordable rental housing units, for conversion of existing properties through adaptive reuse, or for acquisition and rehabilitation of rental units. Municipalities request an allocation of the state’s bond authority and sell bonds in support of housing development.

Methodology: Multifamily Bond Authority developments almost always receive Low Income Housing Tax Credits. Therefore, most units are also counted in the LIHTC programs. In 2011, statewide, 282 units funded with LIHTC also received $14.6 million in Multifamily Bond funding.

Section 8 Housing Choice VouchersThe Housing Choice Voucher (HCV) program provides monthly rental assistance to Tennesseans who are elderly, disabled or of very low-income. This HUD funded program enables eligible families or individuals to obtain decent, safe and sanitary housing by paying a portion of rental costs. Participants are able to find their own housing in the private market, including single-family homes, townhouses and apartments. The housing subsidy is paid to the landlord directly by THDA on behalf of the participating family. The family then pays the difference between the actual rent charged by the landlord and the amount subsidized by the program.

THDA administers the HCV program in 72 Tennessee counties. The remaining counties are administered locally by public housing agencies (PHAs). THDA and other PHAs receive federal funds from HUD to administer the voucher program.

Methodology: Section 8 Rental Assistance units and amounts totaled are those leased through THDA’s HCV Program. The numbers do not reflect vouchers in urban counties and larger cities that administer their own Section 8 HCV program.

Program Summary Notes Continued

Section 8 Project Based Rental AssistanceSection 8 Project Based Rental Assistance also provides monthly rental assistance to Tennesseans who are elderly, disabled or of very low-income. Unlike the Housing Choice Voucher program, this funding is for specific developments rather than allowing tenants to select their housing location.

Methodology: The figures reported reflect the total number of families served, which, because of tenant mobility, may exceed the total number of vouchers. HUD contracts with THDA to administer 402 Section 8 project-based contracts. These figures also include nine Section 8 Project-based properties that are part of the THDA portfolio.

The Emergency Shelter Grant ProgramTHDA administers the federally-funded Emergency Shelter Grant (ESG) Program to increase the number and quality of emergency shelters and transitional housing facilities for homeless individuals and families, to operate these facilities and provide essential social services and to help prevent homelessness. ESG funds are awarded on a competitive basis to cities, counties and nonprofit organizations outside the CDBG entitlement communities that receive their own ESG funding directly from the HUD.

Methodology: ESG awards funds to nonprofits, which serve multiple counties. There is not a straightforward way to determine a breakdown of dollars by county since most providers serve all individuals in their home county, but pull from a wider group of counties as a service area. Data presented in the county pages reflect the total dollars given to the non-profit that serves that county. These same dollars are reported for each county served by the same provider. Therefore, adding all of the counties together will produce a total that far exceeds the statewide total that is presented on the state summary page.

Neighborhood Stabilization Program (NSP)The Neighborhood Stabilization Program (NSP) was created, as part of the Housing and Economic Recovery Act of 2008 (HERA), to provide emergency assistance to state and local governments and nonprofits, to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. THDA administers the federally funded NSP on behalf of HUD. NSP funding is provided by formula based on the following criteria: areas with the greatest percentage of home foreclosures; areas with the highest percentage of homes financed with subprime mortgages; and, areas identified as likely to face a significant rise in the rate of home foreclosures.

Methodology: The dollar amount for each county is the sum of NSP funds provided for all those activities. However, the homes produced in each county represent the homes for which funds are used either for new construction or rehabilitation. If the funds are used for acquisition of abandoned homes or for demolition of some homes, these are not considered as producing new homes. Some grantees used NSP funds to buy abandoned and foreclosed homes that were not in need of serious rehabilitation but only minor repairs. Because these are not included as “homes produced” our number of produced homes is undercounting the total additions to the housing stocks with NSP. It is also possible that some of the new construction or rehabilitation activities are not completed in 2011, so they will be counted in 2012 instead.

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Homelessness Prevention and Rapid Re-housing Program (HPRP)THDA is administering the Homelessness Prevention and Rapid Re-Housing Program (HPRP) introduced through the American Recovery and Reinvestment Act (ARRA) of 2009. HPRP was created to help communities across the country provide financial assistance and services to either prevent individuals and families from becoming homeless or help those who are experiencing homelessness to be quickly re-housed and stabilized. HPRP provides housing stability services in Tennessee communities, primarily to households of low- and moderate-income in rental housing. THDA allocated HPRP funds to the state’s 10 Continuum of Care organizations which cover all 95 counties. A Continuum of Care is a community-based, planning and service organization that addresses the needs of homeless persons in order to help them reach maximum self-sufficiency. The Continuum of Care model is recommended by HUD as a comprehensive and strategic approach to addressing homelessness.

Methodology: Continuum of Care organizations were awarded funding over two fiscal years (2010 and 2011). The FY11 dollars were awarded in calendar year 2010 and have already been reported in last year’s Program Summary. Figures from 2011 include just the number of new families served. It is possible that the same family was served both in 2010 and 2011, but our number of families served only counts the families served in 2011 for the first time.

Congressional District Program SummaryMethodology: Congressional district data calculations include the whole county’s data for all counties represented in the district, not just the portion of the county in the district. The congressional districts and the cumulative dollar values and units for the programs represent 2002 to 2011 districting. For the programs started later in the decade, the period for cumulative values vary depending on the program start date. Community Investment Tax Credit (CITC) is from 2005 to 2011, Housing Trust Fund (HTF) is from 2007 to 2011 and the Foreclosure Prevention Program is from 2008 to 2011.

Statewide Program Summary

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Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 2,161 homeowners, with mortgages totaling $226.4 million. THDA also offers a low-cost loan program for home rehabilitation through the Preserve program. The Homebuyer Education Program provided area agencies $457,074 to counsel 1,939 families in their home purchase.

The Keep My Tennessee Home program issued $5.3 million in forgivable loans to 752 households who were struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $915,120 to non-profits to assist 1,983 homeowners in preventing foreclosure and mitigating the impact of foreclosure.

The HOME program awarded $12.7 million to local governments and non-profit organizations to provide rehabilitation and homeownership services to 276 households.

Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $210,490 to make 265 homes accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $637,585 to assist 148 families. Emergency Repair provided $1.8 million in home repair assistance for 315 elderly households.

Lenders received Community Investment Tax Credits on $5.6 million in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 317 units of affordable housing.

Rental Development and Assistance ProgramsLow Income Housing Tax Credits in the amount of $185.3 million were allocated to create or rehabilitate 1,866 rental units.

Multifamily Bond Authority used $14.6 million to create and renovate 282 rental apartments.

$2.9 million in HOME funds were allocated to local governments and non-profit organizations to develop 55 rental housing units.

Lenders received Community Investment Tax Credits on $21.2 million in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 629 units of affordable rental housing.

Section 8 Rental Assistance helped 42,139 households with $188.1 million in rent subsidies. Of this:

• Tenant-based Housing Choice Voucher assistance of $33.3 million aided 6,746 households.

• Project-based assistance of $154.8 million helped 35,393 families pay an affordable rent.

Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $1.5 million to non-profits serving Tennessee to help area homeless and domestic violence shelters.

Lenders received Community Investment Tax Credits on $3 million in below market loans or contributions made to eligible non-profit agencies to assist in preventing homelessness.

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Economic Recovery ProgramsNon-profits and local governments used $8.4 million in Neighborhood Stabilization Program funds to purchase foreclosed properties for new construction, renovation and demolition, turning them into 144 homes.

Non-profits that serve Tennessee provided temporary housing assistance to 1,621 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Tennessee Housing Development Agency – Program Totals

Program, Date Program Started 2011 Units

2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 2,161 $226.4 M 105,003 $6,258.3 M

Low Income Housing Tax Credit, 1987(Federal tax expenditures) 1,866 $185.3 M 45,596 $2,251 M

HOME, 1992(Federal grant funds) 331 $15.7 M 10,575 $299.6 M

Multi-Family Bond Authority, 1993(Tax exempt bond authority delegated to local issuers) 282 $14.6 M 19,224 $657.7 M

Community Investment Tax Credit, 2005 946 $29.7 M 4,860 $139.8 MHousing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

728 $2.7 M 4,375 $30.9 M

Foreclosure Prevention, 2008 1,983 $915,120 11,365 $3.2 M KEY: Federal Program State Program

Anderson County

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Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 22 homeowners, with mortgages totaling $2.1 million. The Homebuyer Education Program provided area agencies $4,750 to counsel 20 families in their home purchase.

The Keep My Tennessee Home program issued $4,160 in forgivable loans to 2 households who were struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $720 to non-profits to assist 2 homeowners in preventing foreclosure and mitigating the impact of foreclosure.

Tennessee’s Housing Trust Fund funds several affordable housing programs. Emergency Repair provided $13,944 in home repair assistance for 3 elderly households.

Rental Development and Assistance ProgramsSection 8 Rental Assistance helped 828 households with $3.4 million in rent subsidies. Of this:

• Tenant-based Housing Choice Voucher assistance of $853,599 aided 172 households.

• Project-based assistance of $2.5 million helped 656 families pay an affordable rent.

Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $49,653 to non-profits serving Anderson County to help area homeless and domestic violence shelters.

Economic Recovery ProgramsNon-profits and local governments used $6,018 in Neighborhood Stabilization Program funds to purchase foreclosed properties for new construction, renovation and demolition.

Non-profits that serve Anderson County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Anderson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 22 $2.1 M 1,450 $75.9 M

Low Income Housing Tax Credit, 1987(Federal tax expenditures) -- -- 610 $36.9 M

HOME, 1992(Federal grant funds) -- -- 515 $8.5 M

Multi-Family Bond Authority, 1993(Tax exempt bond authority delegated to local issuers) -- -- 193 $6.2 M

Community Investment Tax Credit, 2005 -- -- 18 $6,876

Housing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

3 $13,944 32 $213,602

Foreclosure Prevention, 2008 2 $720 10 $2,550 KEY: Federal Program State Program

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Bedford County

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 8 homeowners, with mortgages totaling $711,505. The Homebuyer Education Program provided area agencies $1,925 to counsel 8 families in their home purchase.

The Keep My Tennessee Home program issued $95,669 in forgivable loans to 12 households who were struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $7,560 to non-profits to assist 15 homeowners in preventing foreclosure and mitigating the impact of foreclosure.

Tennessee’s Housing Trust Fund funds several affordable housing programs. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $870 to assist 1 family. Emergency Repair provided $12,113 in home repair assistance for 2 elderly households.

Rental Development and Assistance ProgramsSection 8 Rental Assistance helped 223 households with $872,872 in rent subsidies. Of this:


• Project-based assistance of $572,112 helped 156 families pay an affordable rent.

Economic Recovery ProgramsNon-profits and local governments used $190,308 in Neighborhood Stabilization Program funds to purchase foreclosed properties for new construction, renovation and demolition, turning them into 11 homes.

Non-profits that serve Bedford County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Bedford County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 8 $711,505 552 $32 M



Community Investment Tax Credit, 2005 -- -- 21 $969,816Housing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

3 $12,983 6 $21,587

Foreclosure Prevention, 2008 15 $7,560 55 $18,900 KEY: Federal Program State Program

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Benton County

Homeownership and Maintenance ProgramsTennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $900 to make 1 home accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $11,060 to assist 4 families. Emergency Repair provided $22,000 in home repair assistance for 2 elderly households.

Rental Development and Assistance ProgramsLow Income Housing Tax Credits in the amount of $10.7 million were allocated to create or rehabilitate 91 rental units.

Section 8 Rental Assistance helped 115 households with $350,248 in rent subsidies. Of this:



Economic Recovery ProgramsNon-profits that serve Benton County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Benton County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) -- -- 135 $5.5 M

Low Income Housing Tax Credit, 1987(Federal tax expenditures) 91 $10.7 M 150 $11.4 M



7 $33,960 18 $219,844

Foreclosure Prevention, 2008 -- -- 4 $540

KEY: Federal Program State Program

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Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 1 homeowner, with a mortgage totaling $74,073. The Homebuyer Education Program provided area agencies $225 to counsel 1 family in their home purchase.

The Keep My Tennessee Home program issued a forgivable loan of $4,975 to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment.

Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $1,851 to make 3 homes accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $6,907 to assist 3 families. Emergency Repair provided $11,600 in home repair assistance for 2 elderly households.

Rental Development and Assistance ProgramsLenders received Community Investment Tax Credits on $464,850 in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 48 units of affordable rental housing.

Section 8 Project-based Rental Assistance helped 158 households with $740,372 in rent subsidies.

Economic Recovery ProgramsNon-profits that serve Bledsoe County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Bledsoe County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 1 $74,073 20 $1.3 M

Low Income Housing Tax Credit, 1987(Federal tax expenditures) -- -- 24 $296,640


Community Investment Tax Credit, 2005 48 $464,850 48 $464,850Housing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

8 $20,358 92 $736,868

Foreclosure Prevention, 2008 -- -- 3 $930 KEY: Federal Program State Program

Bledsoe County

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Blount County



The HOME program awarded $1.3 million to local governments and non-profit organizations to provide rehabilitation and homeownership services to 34 households.

Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $6,729 to make 11 homes accessible.

Lenders received Community Investment Tax Credits on $800,000 in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 6 units of affordable housing.


Section 8 Rental Assistance helped 523 households with $2.2 million in rent subsidies. Of this:




Non-profits that serve Blount County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Blount County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars



HOME, 1992(Federal grant funds) 34 $1.3 M 149 $4.5 M

Community Investment Tax Credit, 2005 6 $800,000 105 $4.7 MHousing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

11 $6,729 18 $29,238


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Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $14,613 to make 17 homes accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $7,000 to assist 1 family. Emergency Repair provided $90,023 in home repair assistance for 27 elderly households.

Rental Development and Assistance ProgramsSection 8 Project-based Rental Assistance helped 631 households with $2 million in rent subsidies.

Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $68,504 to non-profits serving Bradley County to help area homeless and domestic violence shelters.


Non-profits that serve Bradley County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Bradley County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





45 $111,636 173 $325,356


Bradley County

18

Campbell County

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 4 homeowners, with mortgages totaling $308,478. The Homebuyer Education Program provided area agencies $925 to counsel 4 families in their home purchase.

The Keep My Tennessee Home program issued a forgivable loan to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $540 to non-profits to assist 1 homeowner in preventing foreclosure and mitigating the impact of foreclosure.

Tennessee’s Housing Trust Fund funds several affordable housing programs. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $40,537 to assist 8 families. Emergency Repair provided $16,382 in home repair assistance for 3 elderly households.





Non-profits that serve Campbell County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Campbell County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





11 $56,919 42 $193,731

Foreclosure Prevention, 2008 1 $540 9 $3,210


19

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 2 homeowners, with mortgages totaling $215,854. The Homebuyer Education Program provided area agencies $225 to counsel 1 family in their home purchase.

The Foreclosure Prevention Program provided $540 to non-profits to assist 1 homeowner in preventing foreclosure and mitigating the impact of foreclosure.

Tennessee’s Housing Trust Fund funds several affordable housing programs. Emergency Repair provided $902 in home repair assistance for 1 elderly household.

Rental Development and Assistance ProgramsSection 8 Tenant-based Rental Assistance helped 11 households with $49,535 in rent subsidies.

Economic Recovery ProgramsNon-profits that serve Cannon County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Cannon County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





1 $902 3 $11,927



Cannon County

20

Carroll County


The Keep My Tennessee Home program issued $2,356 in forgivable loans to 2 households who were struggling to stay current with their mortgage due to a reduction or loss of employment.

The HOME program awarded $750,000 to local governments and non-profit organizations to provide rehabilitation and homeownership services to 11 households.

Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $895 to make 2 homes accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $7,491 to assist 1 family. Emergency Repair provided $48,524 in home repair assistance for 5 elderly households.




Economic Recovery ProgramsNon-profits that serve Carroll County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Carroll County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars



HOME, 1992(Federal grant funds) 11 $750,000 81 $2.9 M



8 $56,909 36 $249,216


21

Carter County





Section 8 Project-based Rental Assistance helped 398 households with $1.6 million in rent subsidies.

Economic Recovery ProgramsNon-profits that serve Carter County provided temporary housing assistance to 266 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Carter County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars






12 $41,172 46 $171,992


22

Cheatham County





Economic Recovery ProgramsNon-profits that serve Cheatham County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Cheatham County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





-- -- 10 $55,302


23

Chester County

Homeownership and Maintenance ProgramsThe Keep My Tennessee Home program issued a forgivable loan of $10,761 to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $360 to non-profits to assist 1 homeowner in preventing foreclosure and mitigating the impact of foreclosure.

Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $324 to make 1 home accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $3,750 to assist 1 family.




Economic Recovery ProgramsNon-profits that serve Chester County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Chester County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





2 $4,074 15 $346,328

Foreclosure Prevention, 2008 1 $360 3 $900 KEY: Federal Program State Program

24

Claiborne County


The Keep My Tennessee Home program issued a forgivable loan to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $3,960 to non-profits to assist 10 homeowners in preventing foreclosure and mitigating the impact of foreclosure.






Non-profits that serve Claiborne County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Claiborne County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





9 $30,888 55 $291,139

Foreclosure Prevention, 2008 10 $3,960 39 $10,230


25

Clay County






Economic Recovery ProgramsNon-profits that serve Clay County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Clay County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





3 $25,611 19 $132,605


26

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 1 homeowner, with a mortgage totaling $50,681.








Non-profits that serve Cocke County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Cocke County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




Community Investment Tax Credit, 2005 -- -- 2 $764Housing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

2 $1,530 14 $55,757


Cocke County

27


The Keep My Tennessee Home program issued $17,942 in forgivable loans to 3 households who were struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $180 to non-profits to assist 1 homeowner in preventing foreclosure and mitigating the impact of foreclosure.





Economic Recovery ProgramsNon-profits that serve Coffee County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Coffee County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars






3 $18,156 8 $56,386


Coffee County

28

Crockett County


Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $911 to make 1 home accessible. Emergency Repair provided $27,741 in home repair assistance for 3 elderly households.




Economic Recovery ProgramsNon-profits that serve Crockett County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Crockett County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





4 $28,652 16 $87,863


29

Cumberland County

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 16 homeowners, with mortgages totaling $1.3 million. The Homebuyer Education Program provided area agencies $950 to counsel 4 families in their home purchase.



Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $900 to make 1 home accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $5,325 to assist 1 family. Emergency Repair provided $8,525 in home repair assistance for 1 elderly household.


Rental Development and Assistance Programs$511,964 in HOME funds were allocated to local governments and non-profit organizations to develop 24 rental housing units.

Lenders received Community Investment Tax Credits on $150,000 in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 24 units of affordable rental housing.




Economic Recovery ProgramsNon-profits that serve Cumberland County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Cumberland County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 16 $1.3 M 308 $20.9 M

Low Income Housing Tax Credit, 1987(Federal tax expenditures) -- -- 213 $10 M

HOME, 1992(Federal grant funds) 39 $726,249 229 $5 M

Community Investment Tax Credit, 2005 26 $340,000 47 $1 MHousing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

3 $14,750 22 $151,623


30

Davidson County



Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $22,276 to make 33 homes accessible. Emergency Repair provided $7,323 in home repair assistance for 1 elderly household.



Lenders received Community Investment Tax Credits on $8.8 million in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 254 units of affordable rental housing.




Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $28,571 to non-profits serving Davidson County to help area homeless and domestic violence shelters.

Lenders received Community Investment Tax Credits on $2.2 million in below market loans or contributions made to eligible non-profit agencies to assist in preventing homelessness.

Economic Recovery ProgramsNon-profits that serve Davidson County provided temporary housing assistance to 36 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

31

Davidson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 463 $52.6 M 14,975 $1,019.5 M

Low Income Housing Tax Credit, 1987(Federal tax expenditures) 150 $20.6 M 7,069 $320.7 M


Multi-Family Bond Authority, 1993(Tax exempt bond authority delegated to local issuers) -- -- 5,251 $206.8 M

Community Investment Tax Credit, 2005 513 $11.8 M 2,662 $52.5 MHousing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

34 $29,599 388 $5.3 M

Foreclosure Prevention, 2008 374 $179,820 2,585 $721,860 KEY: Federal Program State Program

32

Decatur County







Non-profits that serve Decatur County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Decatur County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 1 $52,069 21 $743,703



10 $95,979 16 $130,883


33


The Keep My Tennessee Home program issued a forgivable loan of $9,896 to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $540 to non-profits to assist 1 homeowner in preventing foreclosure and mitigating the impact of foreclosure.

Tennessee’s Housing Trust Fund funds several affordable housing programs. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $20,737 to assist 3 families. Emergency Repair provided $4,675 in home repair assistance for 1 elderly household.





Economic Recovery ProgramsNon-profits that serve DeKalb County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

DeKalb County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





4 $25,412 12 $77,418


DeKalb County

34

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 11 homeowners, with mortgages totaling $1 million. The Homebuyer Education Program provided area agencies $1,675 to counsel 7 families in their home purchase.






Economic Recovery ProgramsNon-profits that serve Dickson County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Dickson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 11 $1 M 1,138 $77 M


HOME, 1992(Federal grant funds) 21 $1.3 M 96 $4 M

Multi-Family Bond Authority, 1993(Tax exempt bond authority delegated to local issuers) -- -- 188 $10 M


12 $44,624 45 $159,138



Dickson County

35


The Keep My Tennessee Home program issued a forgivable loan of $2,943 to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $540 to non-profits to assist 2 homeowners in preventing foreclosure and mitigating the impact of foreclosure.





Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $67,826 to non-profits serving Dyer County to help area homeless and domestic violence shelters.

Economic Recovery ProgramsNon-profits that serve Dyer County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Dyer County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 6 $576,672 1,075 $51.1 M


HOME, 1992(Federal grant funds) -- -- 73 $3 M


20 $39,785 59 $176,497

Foreclosure Prevention, 2008 2 $540 4 $900


Dyer County

36

Fayette County







Economic Recovery ProgramsNon-profits that serve Fayette County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Fayette County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





8 $26,540 39 $203,890



37


Tennessee’s Housing Trust Fund funds several affordable housing programs. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $2,250 to assist 1 family. Emergency Repair provided $24,978 in home repair assistance for 4 elderly households.




Economic Recovery ProgramsNon-profits that serve Fentress County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Fentress County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





5 $27,228 12 $55,865


Fentress County

38







Economic Recovery ProgramsNon-profits that serve Franklin County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Franklin County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





3 $15,314 13 $49,854

Foreclosure Prevention, 2008 -- -- 13 $5,100 KEY: Federal Program State Program

Franklin County

39

Gibson County









Non-profits that serve Gibson County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Gibson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 8 $721,634 1,062 $47.1 M




12 $47,094 54 $293,525



40

Giles County



Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $664 to make 1 home accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $3,210 to assist 1 family. Emergency Repair provided $11,536 in home repair assistance for 2 elderly households.




Economic Recovery ProgramsNon-profits that serve Giles County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Giles County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




Community Investment Tax Credit, 2005 -- -- 20 $1 MHousing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

4 $15,410 22 $80,802



41







Economic Recovery ProgramsNon-profits that serve Grainger County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Grainger County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




Community Investment Tax Credit, 2005 -- -- 1 $382Housing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

3 $9,935 29 $342,536



Grainger County

42






Lenders received Community Investment Tax Credits on $1 million in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 3 units of affordable rental housing.

Section 8 Project-based Rental Assistance helped 367 households with $1.4 million in rent subsidies.

Economic Recovery ProgramsNon-profits and local governments used $125,416 in Neighborhood Stabilization Program funds to purchase foreclosed properties for new construction, renovation and demolition, turning them into 1 home.

Non-profits that serve Greene County provided temporary housing assistance to 266 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Greene County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




Community Investment Tax Credit, 2005 3 $1 M 6 $1.3 MHousing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

9 $29,335 36 $421,866



Greene County

43

Grundy County

Homeownership and Maintenance ProgramsThe Keep My Tennessee Home program issued a forgivable loan of $5,334 to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $1,260 to non-profits to assist 3 homeowners in preventing foreclosure and mitigating the impact of foreclosure.


Rental Development and Assistance ProgramsSection 8 Project-based Rental Assistance helped 35 households with $114,854 in rent subsidies.


Non-profits that serve Grundy County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Grundy County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





9 $44,830 48 $215,021


44






• Project-based assistance of $1 million helped 304 families pay an affordable rent.

Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $47,183 to non-profits serving Hamblen County to help area homeless and domestic violence shelters.


Non-profits that serve Hamblen County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Hamblen County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars






6 $21,428 23 $98,630


Hamblen County

45




Hamilton County



Section 8 Project-based Rental Assistance helped 1,553 households with $6.4 million in rent subsidies.

Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $137,797 to non-profits serving Hamilton County to help area homeless and domestic violence shelters.


Non-profits that serve Hamilton County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Hamilton County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




Multi-Family Bond Authority, 1993(Tax exempt bond authority delegated to local issuers) 48 $4.1 M 721 $28.1 M


60 $108,213 177 $729,880


46

Hancock County

Homeownership and Maintenance ProgramsTennessee’s Housing Trust Fund funds several affordable housing programs. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $3,835 to assist 2 families. Emergency Repair provided $11,000 in home repair assistance for 1 elderly household.


Economic Recovery ProgramsNon-profits that serve Hancock County provided temporary housing assistance to 266 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Hancock County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) -- -- 20 $1 M




3 $14,835 29 $142,356


47

Hardeman County

Homeownership and Maintenance ProgramsThe Keep My Tennessee Home program issued $18,252 in forgivable loans to 2 households who were struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $1,800 to non-profits to assist 4 homeowners in preventing foreclosure and mitigating the impact of foreclosure.

Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $1,244 to make 3 homes accessible. Emergency Repair provided $11,539 in home repair assistance for 2 elderly households.





Non-profits that serve Hardeman County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Hardeman County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





5 $12,783 26 $105,827


48

Hardin County









Non-profits that serve Hardin County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Hardin County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





2 $13,095 7 $27,646


49




Lenders received Community Investment Tax Credits on $125,000 in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 1 unit of affordable housing.


Economic Recovery ProgramsNon-profits that serve Hawkins County provided temporary housing assistance to 266 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Hawkins County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





7 $19,366 53 $302,182


Hawkins County

50

Haywood County









Non-profits that serve Haywood County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Haywood County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





2 $1,745 26 $144,334


51

Henderson County







Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $27,928 to non-profits serving Henderson County to help area homeless and domestic violence shelters.


Non-profits that serve Henderson County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Henderson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





13 $71,664 20 $92,385


52

Henry County

Homeownership and Maintenance ProgramsThe Foreclosure Prevention Program provided $180 to non-profits to assist 1 homeowner in preventing foreclosure and mitigating the impact of foreclosure.






Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $74,132 to non-profits serving Henry County to help area homeless and domestic violence shelters.


Non-profits that serve Henry County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Henry County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




Multi-Family Bond Authority, 1993(Tax exempt bond authority delegated to local issuers) -- -- 40 $660,000


13 $83,841 73 $746,976

Foreclosure Prevention, 2008 1 $180 3 $630


53


The Keep My Tennessee Home program issued a forgivable loan of $13,809 to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $3,780 to non-profits to assist 6 homeowners in preventing foreclosure and mitigating the impact of foreclosure.





Economic Recovery ProgramsNon-profits that serve Hickman County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Hickman County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





11 $30,138 21 $70,142


Hickman County

54

Houston County



Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $789 to make 1 home accessible.



Economic Recovery ProgramsNon-profits that serve Houston County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Houston County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





1 $789 4 $18,322


55

Humphreys County

Homeownership and Maintenance ProgramsThe Foreclosure Prevention Program provided $1,080 to non-profits to assist 2 homeowners in preventing foreclosure and mitigating the impact of foreclosure.

Tennessee’s Housing Trust Fund funds several affordable housing programs. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $5,905 to assist 1 family.




Economic Recovery ProgramsNon-profits that serve Humphreys County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Humphreys County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





1 $5,905 13 $56,672


56

Jackson County

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 1 homeowner, with a mortgage totaling $45,710. The Homebuyer Education Program provided area agencies $325 to counsel 2 families in their home purchase.


Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $394 to make 1 home accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $8,257 to assist 2 families. Emergency Repair provided $15,095 in home repair assistance for 2 elderly households.




Economic Recovery ProgramsNon-profits that serve Jackson County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Jackson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





5 $23,746 16 $106,398


57

Jefferson County







Economic Recovery ProgramsNon-profits that serve Jefferson County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Jefferson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





3 $8,344 30 $107,285


58

Johnson County

Homeownership and Maintenance ProgramsThe Keep My Tennessee Home program issued $7,227 in forgivable loans to 2 households who were struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $900 to non-profits to assist 3 homeowners in preventing foreclosure and mitigating the impact of foreclosure.



Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $37,504 to non-profits serving Johnson County to help area homeless and domestic violence shelters.

Economic Recovery ProgramsNon-profits that serve Johnson County provided temporary housing assistance to 266 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Johnson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





1 $7,500 14 $67,781


Figure 1: Percentage of Families Served and Dollars Expended/Allocated among various THDA Rental Programs, Tennessee, 2011

* CITC dollars represent the amount of below market loans rather than the tax credit amount received. Therefore, CITC dollars are excluded from total dollars expended, while the total units include the CITC.

** Statewide, 282 units funded with LIHTC also received MultiFamily Bond funding. To prevent the double counting, the Multi-Family Bond units are removed from total.

Figure 2: Percentage of Families Served and Dollars Expended/Allocated among various THDA Homeownership Programs, Tennessee, 2011

* CITC dollars represent the amount of below market loans rather than the tax credit amount received. Therefore, CITC dollars are excluded from total dollars expended, while the total units include the CITC.

** Because individuals who receive homebuyer education also receive THDA single family mortgages, those individuals are removed from the total number of families served.

$0

$100

$200

$300

$400

$500

$600

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Milli

ons

Number of Mortgages Dollar Value of Mortgages

0%

25%

50%

75%

100%

Units/Families Served Dollar AmountsExpended/Allocated

CITC*

Housing Trust Fund

HOME

HomeBuyer Education**

NFMC

Keep My TN Home

Single Family Mortgages

0%

25%

50%

75%

100%


Section 8 Project-basedAssistanceHousing Choice Vouchers

HOME

CITC*

Low Income Housing Tax Credit

MultiFamily Bond Authority**

Statewide Summary Charts

59

60

Knox County




Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $1,800 to make 2 homes accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $7,500 to assist 1 family. Emergency Repair provided $10,000 in home repair assistance for 1 elderly household.

Lenders received Community Investment Tax Credits on $2.4 million in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 23 units of affordable housing.

Rental Development and Assistance ProgramsLenders received Community Investment Tax Credits on $408,002 in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 1 unit of affordable rental housing.


• Tenant-based Housing Choice Voucher assistance of $1.4 million aided 248 households.


Economic Recovery ProgramsNon-profits and local governments used $1.1 million in Neighborhood Stabilization Program funds to purchase foreclosed properties for new construction, renovation and demolition.

Non-profits that serve Knox County provided temporary housing assistance to 205 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

61

Knox County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars


Low Income Housing Tax Credit, 1987(Federal tax expenditures) -- -- 2,863 $173.2 M


Multi-Family Bond Authority, 1993(Tax exempt bond authority delegated to local issuers) -- -- 1,684 $62.6 M

Community Investment Tax Credit, 2005 24 $2.8 M 252 $8.5 MHousing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

4 $19,300 199 $2.4 M


62

Lake County

Homeownership and Maintenance ProgramsTennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $2,290 to make 3 homes accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $5,000 to assist 1 family.




Economic Recovery ProgramsNon-profits that serve Lake County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Lake County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





4 $7,290 13 $55,036


63

Lauderdale County

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 2 homeowners, with mortgages totaling $120,614.









Non-profits that serve Lauderdale County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Lauderdale County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





9 $37,447 38 $206,626



64




Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $3,900 to make 1 home accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $11,200 to assist 2 families.


Economic Recovery ProgramsNon-profits that serve Lawrence County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Lawrence County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





3 $15,100 14 $43,349


Lawrence County

65



Homelessness Assistance and PreventionLenders received Community Investment Tax Credits on $650,000 in below market loans or contributions made to eligible non-profit agencies to assist in preventing homelessness.

Economic Recovery ProgramsNon-profits that serve Lewis County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Lewis County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




Community Investment Tax Credit, 2005 NA $650,000 6 $1.1 MTHDA Housing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

-- -- 17 $59,118


Lewis County

66

Homeownership and Maintenance ProgramsThe Keep My Tennessee Home program issued a forgivable loan of $12,768 to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $1,080 to non-profits to assist 2 homeowners in preventing foreclosure and mitigating the impact of foreclosure.


Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $704 to make 2 homes accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $1,710 to assist 1 family. Emergency Repair provided $20,088 in home repair assistance for 2 elderly households.




Economic Recovery ProgramsNon-profits that serve Lincoln County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Lincoln County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




THDA Housing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

5 $22,502 32 $119,655


Lincoln County

67








Non-profits that serve Loudon County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Loudon County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




Community Investment Tax Credit, 2005 -- -- 85 $3.2 MHousing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

2 $21,221 10 $66,623



Loudon County

68




Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $571 to make 1 home accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $11,067 to assist 4 families.


Economic Recovery ProgramsNon-profits that serve Macon County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Macon County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





5 $11,638 20 $64,113


Macon County

69

Madison County




Rental Development and Assistance ProgramsSection 8 Rental Assistance helped 1,014 households

with $4.7 million in rent subsidies. Of this:


• Project-based assistance of $3 million helped 640 families pay an affordable rent.

Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $182,406 to non-profits serving Madison County to help area homeless and domestic violence shelters.


Non-profits that serve Madison County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Madison County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars






9 $4,870 21 $351,782


70

Marion County






Non-profits that serve Marion County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Marion County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





21 $57,982 76 $308,757


71

Marshall County




Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $527 to make 1 home accessible. Emergency Repair provided $29,569 in home repair assistance for 7 elderly households.





Economic Recovery ProgramsNon-profits that serve Marshall County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Marshall County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





8 $30,096 64 $365,034



72

Maury County


The Foreclosure Prevention Program provided $41,220 to non-profits to assist 75 homeowners in preventing foreclosure and mitigating the impact of foreclosure.






Non-profits that serve Maury County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Maury County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





21 $121,372 57 $293,503


73

McMinn County




Rental Development and Assistance ProgramsSection 8 Project-based Rental Assistance helped 426 households with $1.6 million in rent subsidies.


Non-profits that serve McMinn County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

McMinn County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





18 $43,772 107 $257,567


74

McNairy County



Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $275 to make 1 home accessible. Emergency Repair provided $11,000 in home repair assistance for 1 elderly household.




Economic Recovery ProgramsNon-profits that serve McNairy County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

McNairy County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





2 $11,275 8 $69,995


75

Meigs County





Economic Recovery ProgramsNon-profits that serve Meigs County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Meigs County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





8 $6,987 28 $25,142


76

Monroe County








Non-profits that serve Monroe County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Monroe County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





2 $5,007 87 $210,902


77

Montgomery County



Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $10,440 to make 3 homes accessible. Emergency Repair provided $11,000 in home repair assistance for 1 elderly household.



• Tenant-based Housing Choice Voucher assistance of $4 million aided 742 households.


Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $151,720 to non-profits serving Montgomery County to help area homeless and domestic violence shelters.


Non-profits that serve Montgomery County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Montgomery County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars






4 $21,440 75 $416,108



78

Moore County


Economic Recovery ProgramsNon-profits that serve Moore County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Moore County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars



HOME, 1992(Federal grant funds) -- -- 18 $500,000


79

Morgan County







Economic Recovery ProgramsNon-profits that serve Morgan County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Morgan County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





16 $49,222 42 $307,308


80

Obion County



Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $842 to make 1 home accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $5,151 to assist 1 family. Emergency Repair provided $20,557 in home repair assistance for 3 elderly households.





Non-profits that serve Obion County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Obion County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars






5 $26,550 27 $130,702


81

Overton County








Economic Recovery ProgramsNon-profits that serve Overton County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Overton County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





6 $42,701 18 $112,528


82

Perry County






Economic Recovery ProgramsNon-profits that serve Perry County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Perry County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) -- -- 2 $59,525



3 $20,455 11 $60,573

Foreclosure Prevention, 2008 1 $540 1 $540 KEY: Federal Program State Program

83

Pickett County

Homeownership and Maintenance ProgramsThe Keep My Tennessee Home program issued a forgivable loan of $9,017 to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment.





Economic Recovery ProgramsNon-profits that serve Pickett County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Pickett County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





6 $43,472 30 $184,190


84

Polk County






Economic Recovery ProgramsNon-profits that serve Polk County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Polk County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





9 $34,896 27 $103,999


85

Putnam County








Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $33,913 to non-profits serving Putnam County to help area homeless and domestic violence shelters.

Economic Recovery ProgramsNon-profits that serve Putnam County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Putnam County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 29 $2.7 M 1,090 $64 M




13 $65,177 44 $201,231


86

Rhea County




Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $4,606 to make 7 homes accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $17,304 to assist 4 families.

Economic Recovery ProgramsNon-profits that serve Rhea County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Rhea County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





11 $21,910 24 $59,888


87

Roane County








Economic Recovery ProgramsNon-profits that serve Roane County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Roane County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





2 $14,494 8 $34,213


88

Robertson County



Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $625 to make 1 home accessible. Emergency Repair provided $838 in home repair assistance for 1 elderly household.


• Tenant-based Housing Choice Voucher assistance of $1 million aided 157 households.



Non-profits that serve Robertson County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Robertson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





2 $1,463 21 $54,732



89


34% HHF 1% NFMC

0%

Homebuyer Education 0%

HOME 3%

Housing Trust Fund 0% Multifamily Bond

Authority 2%

LIHTC 29%

Housing Choice Vouchers

5%

S8 Project-based

Assistance 24%

ESG 0%

NSP 1%

Dallars Expended/Allocated All THDA Programs, 2011

Figure 4: Dollars Expended/Allocated, All THDA Programs, Tennessee, 2011

Single Family Mortgage Program

4% HHF 1%

NFMC 4%

HOME 1%

Housing Trust Fund 1%

LIHTC 4%

Housing Choice Vouchers 13%

S8 Project-based Rental Assistance

67%

CITC 2%

HPRP 3%

NSP 0%

Families Served All THDA Programs, 2011

Figure 3: Families Served, All THDA Programs, Tennessee, 2011

90

Rutherford County






Lenders received Community Investment Tax Credits on $8 million in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 230 units of affordable rental housing.

Section 8 Rental Assistance helped 1,357 households with $7 million in rent subsidies. Of this:



Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $111,482 to non-profits serving Rutherford County to help area homeless and domestic violence shelters.

Lenders received Community Investment Tax Credits on $153,750 in below market loans or contributions made to eligible non-profit agencies to assist in preventing homelessness.


Non-profits that serve Rutherford County provided temporary housing assistance to 67 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

91

Rutherford County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 256 $29 M 7,450 $633.3 M




12 $41,023 39 $113,006


92

Scott County






Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $59,846 to non-profits serving Scott County to help area homeless and domestic violence shelters.

Economic Recovery ProgramsNon-profits that serve Scott County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Scott County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





10 $18,604 44 $308,911


93






Non-profits that serve Sequatchie County provided temporary housing assistance to 72 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Sequatchie County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





6 $5,037 42 $213,190


Sequatchie County

94

Sevier County







Economic Recovery ProgramsNon-profits that serve Sevier County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Sevier County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





1 $6,690 6 $24,436



95

Figure 5: THDA Single Family Mortgages, Tennessee, 2002-2011

$0

$100

$200

$300

$400

$500

$600

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Milli

ons

Number of Mortgages Dollar Value of Mortgages

0%

25%

50%

75%

100%


CITC*

Housing Trust Fund

HOME

HomeBuyer Education**

NFMC

Keep My TN Home


96


The Keep My Tennessee Home program issued $1.2 million in forgivable loans to 147 households who were struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $283,140 to non-profits to assist 584 homeowners in preventing foreclosure and mitigating the impact of foreclosure.




$100,000 in HOME funds were allocated to local governments and non-profit organizations to develop 1 rental housing unit.

Lenders received Community Investment Tax Credits on $525,000 in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 28 units of affordable rental housing.




Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $14,285 to non-profits serving Shelby County to help area homeless and domestic violence shelters.

Economic Recovery ProgramsNon-profits and local governments used $2.4 million in Neighborhood Stabilization Program funds to purchase foreclosed properties for new construction, renovation and demolition, turning them into 56 homes.

Non-profits that serve Shelby County provided temporary housing assistance to 460 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Shelby County

97

Shelby County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 342 $33.7 M 19,323 $1,039.5 M



Multi-Family Bond Authority, 1993(Tax exempt bond authority delegated to local issuers) 234 $10.5 M 8,333 $235.8 M


14 $88,312 212 $2.2 M

Foreclosure Prevention, 2008 584 $283,140 3,752 $997,500


98

Homeownership and Maintenance ProgramsThe Homebuyer Education Program provided area agencies $225 to counsel 1 family in their home purchase.





Economic Recovery ProgramsNon-profits that serve Smith County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Smith County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





2 $14,928 7 $46,180


Smith County

99



Tennessee’s Housing Trust Fund funds several affordable housing programs. Emergency Repair provided $3,289 in home repair assistance for 1 elderly household.




Economic Recovery ProgramsNon-profits that serve Stewart County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Stewart County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





1 $3,289 5 $29,925


Stewart County

100




Sullivan County



Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $121,913 to non-profits serving Sullivan County to help area homeless and domestic violence shelters.


Non-profits that serve Sullivan County provided temporary housing assistance to 266 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Sullivan County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





Community Investment Tax Credit, 2005 -- -- 13 $1.1 MTHDA Housing Trust Fund, 2007(Rural Housing Repair, Competitive Grants, Housing Modification and Ramps, Emergency Repair)

14 $43,293 76 $670,443



101

Figure 6: Percentage of 2011 THDA Activities - Homeownership vs. Rental Programs

• CITC dollars represent the amount of below market loans rather than the tax credit amount received. Therefore, CITC dollars are excluded from total dollars expended, while the total units include the CITC.

• Statewide, 282 units funded with LIHTC also received MultiFamily Bond funding. To prevent the double counting, those units are removed from total.

• Because individuals who receive homebuyer education also receive THDA single family mortgages, those individuals are removed from the total number of families served.

12.2%

38.9%

87.8%

61.1%

Units Dollar Amounts

HomeownershipPrograms

Rental Programs

102





Rental Development and Assistance ProgramsLenders received Community Investment Tax Credits on $1.4 million in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 35 units of affordable rental housing.




Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $39,195 to non-profits serving Sumner County to help area homeless and domestic violence shelters.


Non-profits that serve Sumner County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Sumner County

103

Sumner County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars


Low Income Housing Tax Credit, 1987(Federal tax expenditures) -- -- 1,086 $45 M




3 $1,629 31 $67,408


104








Economic Recovery ProgramsNon-profits that serve Tipton County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Tipton County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 10 $1 M 1,229 $70.8 M




15 $78,045 59 $353,054


Tipton County

105

Trousdale County

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 1 homeowner, with a mortgage totaling $51,656. The Homebuyer Education Program provided area agencies $475 to counsel 2 families in their home purchase.



Economic Recovery ProgramsNon-profits that serve Trousdale County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Trousdale County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





-- -- 4 $10,720


106

Unicoi County


The Keep My Tennessee Home program issued a forgivable loan to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment. The Foreclosure Prevention Program provided $720 to non-profits to assist 2 homeowners in preventing foreclosure and mitigating the impact of foreclosure.


Rental Development and Assistance ProgramsLenders received Community Investment Tax Credits on $500,000 in below market loans or contributions made to eligible non-profit agencies to assist in creating or preserving 6 units of affordable rental housing.


Economic Recovery ProgramsNon-profits that serve Unicoi County provided temporary housing assistance to 266 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Unicoi County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





6 $27,689 11 $51,044


107

Union County





Economic Recovery ProgramsNon-profits that serve Union County provided temporary housing assistance to 177 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Union County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





4 $22,139 18 $76,542


108

Van Buren County





Economic Recovery ProgramsNon-profits that serve Van Buren County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Van Buren County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) -- -- 16 $898,056




3 $12,669 10 $51,807


109

Warren County






Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $31,918 to non-profits serving Warren County to help area homeless and domestic violence shelters.


Non-profits that serve Warren County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Warren County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars






5 $42,470 18 $100,715


110

Washington County







$487,721 in HOME funds were allocated to local governments and non-profit organizations to develop 6 rental housing units.


Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $215,790 to non-profits serving Washington County to help area homeless and domestic violence shelters.


Non-profits that serve Washington County provided temporary housing assistance to 266 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

111

Washington County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars




Multi-Family Bond Authority, 1993(Tax exempt bond authority delegated to local issuers) -- -- 102 $3 M


15 $62,446 105 $1.8 M


112

Homeownership and Maintenance ProgramsThe Keep My Tennessee Home program issued a forgivable loan of $2,706 to 1 household who was struggling to stay current with their mortgage due to a reduction or loss of employment.


Economic Recovery ProgramsNon-profits and local governments used $256,496 in Neighborhood Stabilization Program funds to purchase foreclosed properties for new construction, renovation and demolition, with 1 home created thus far.

Non-profits that serve Wayne County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Wayne County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





-- -- 4 $8,516


Wayne County

113

Weakley County

Homeownership and Maintenance ProgramsThe Homeownership loan programs (Great Start, Great Advantage, Great Rate, and New Start loans) created 2 homeowners, with mortgages totaling $191,434.






Economic Recovery ProgramsNon-profits that serve Weakley County provided temporary housing assistance to 173 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Weakley County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars





4 $22,345 31 $155,181


114

White County







Economic Recovery ProgramsNon-profits that serve White County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

White County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars






5 $33,253 15 $89,408



115

Figure 7: Counties with the Highest Number of THDA Single Family Mortgages, 2011

Figure 8: Counties with the Highest Value of THDA Single Family Mortgages, 2011

050

100150200250300350400450500

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Number of Loans Funded

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Dollar Value of Loans

116

Williamson County






$430,000 in HOME funds were allocated to local governments and non-profit organizations to develop 6 rental housing units.




Homelessness Assistance and PreventionThe Emergency Shelter Grant Program awarded $34,275 to non-profits serving Williamson County to help area homeless and domestic violence shelters.

Economic Recovery ProgramsNon-profits that serve Williamson County provided temporary housing assistance to 115 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

117

Williamson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars

Homeownership, 1974(Tax exempt mortgage revenue bonds) 42 $5.6 M 694 $59.7 M




6 $13,623 79 $1.1 M


118

Wilson County



Tennessee’s Housing Trust Fund funds several affordable housing programs. The Housing Modification and Ramps program provided $1,461 to make 2 homes accessible. In partnership with U.S. Department of Agriculture, the Rural Housing Repair program provided an additional $4,187 to assist 1 family.




Economic Recovery ProgramsNon-profits that serve Wilson County provided temporary housing assistance to 50 new households who are homeless or at risk of being homeless through the Homelessness Prevention and Rapid Re-housing Program (HPRP).

Wilson County – Program Totals


2011 Dollars

Cumulative Units

Cumulative Dollars






3 $5,648 22 $54,922


119

US Congressional District 1

2011 Cumulative 2002-2011

Dollars Units Dollars UnitsHomeownership Mortgage Program, 1974 $10.7 M 117 $143.4 M 1,614Keep My Tennessee Home Program, 2011 $430,665 77Foreclosure Prevention Program, 2008 $54,360 157 $170,820 723Homebuyer Education Program, 2003 $24,025 104HOME Total, 1992 $2.2 M 40 $29.6 M 796

Homeownership $1.8 M 34 Rental $487,721 6

Housing Trust Fund Total, 2007 $283,629 79 $3.9 M 443Housing Modification and Ramps $12,335 15Rural Housing Repair $117,424 28Emergency Repair $153,869 36

Community Investment Tax Credits Total, 2005 $2.4 M 17 $9.9 M 243Homeownership $900,000 8Rental $1.5 M 9

Low Income Housing Tax Credits, 1987 $42.1 M 312 $178.5 M 2,421Multifamily Bond Authority, 1993 -- -- $26.9 M 858Section 8 Rental Assistance Total, 1978 $15.5 M 4,317

Tenant-based $365,619 92Project-based $15.2 M 4,225

Emergency Shelter Grant Program, 2008 $422,390 --Neighborhood Stabilization Program, 2008 $1.2 M 24Homelessness Prevention and Rapid Re-housing Program (HPRP), 2009 -- 443

120



Dollars Units Dollars UnitsHomeownership Mortgage Program, 1974 $20.3 M 203 $318.4 M 3,284Keep My Tennessee Home Program, 2011 $338,182 49Foreclosure Prevention Program, 2008 $17,280 44 $82,890 377Homebuyer Education Program, 2003 $47,300 200HOME Total, 1992 $1.4 M 37 $13.4 M 411

Homeownership $1.4 M 37Housing Trust Fund Total, 2007 $102,719 38 $3 M 427

Housing Modification and Ramps $18,240 25Rural Housing Repair $43,257 8Emergency Repair $41,221 5

Community Investment Tax Credits Total, 2005 $3.6 M 30 $21.1 M 559Homeownership $3.2 M 29Rental $408,002 1

Low Income Housing Tax Credits, 1987 $8.1 M 90 $181.3 M 2,532Multifamily Bond Authority, 1993 -- -- $54.9 M 1,512Section 8 Rental Assistance Total, 1978 $25.4 M 5,697

Tenant-based $2.4 M 471Project-based $23 M 5,226

Neighborhood Stabilization Program, 2008 $1.7 M 10Homelessness Prevention and Rapid Re-housing Program (HPRP), 2009 -- 454

121



Dollars Units Dollars UnitsHomeownership Mortgage Program, 1974 $21.3 M 223 $279.4 M 3,130Keep My Tennessee Home Program, 2011 $783,427 113Foreclosure Prevention Program, 2008 $129,240 295 $319,920 909Homebuyer Education Program, 2003 $43,775 187HOME Total, 1992 $2 M 45 $25.4 M 855

Homeownership $2 M 45Housing Trust Fund Total, 2007 $383,386 157 $2.3 M 601


Community Investment Tax Credits Total, 2005 -- -- $689,556 84Low Income Housing Tax Credits, 1987 $3.1 M 48 $138.4 M 2,073Multifamily Bond Authority, 1993 $4.1 M 48 $20.6 M 498Section 8 Rental Assistance Total, 1978 $14.2 M 3,681

Tenant-based $1.2 M 265Project-based $13 M 3,416

Emergency Shelter Grant Program, 2008 $255,954 --Neighborhood Stabilization Program, 2008 $540,266 14Homelessness Prevention and Rapid Re-housing Program (HPRP), 2009 -- 299

122



Dollars Units Dollars UnitsHomeownership Mortgage Program, 1974 $16.3 M 166 $176.7 M 1,796Keep My Tennessee Home Program, 2011 $234,776 44Foreclosure Prevention Program, 2008 $93,420 180 $293,760 979Homebuyer Education Program, 2003 $28,400 121HOME Total, 1992 $2.7 M 77 $40.5 M 1,277

Homeownership $1.8 M 47Rental $941,964 30


Community Investment Tax Credits Total, 2005 $1.6 M 75 $16.1 M 343Homeownership $290,000 3Rental $614,850 72Homelessness Prevention $650,000 --

Low Income Housing Tax Credits, 1987 $10.6 M 80 $153.6 M 1,839Multifamily Bond Authority, 1993 -- -- $9.2 M 363Section 8 Rental Assistance Total, 1978 $16.1 M 4,134

Tenant-based $4.3 M 1,102Project-based $11.8 M 3,032


123



Dollars Units Dollars UnitsHomeownership Mortgage Program, 1974 $61.5 M 534 $620.4 M 5,404Keep My Tennessee Home Program, 2011 $1 M 138Foreclosure Prevention Program, 2008 $196,380 408 $796,890 2,844Homebuyer Education Program, 2003 $122,275 516HOME Total, 1992 $375,000 9 $3.9 M 102

Homeownership $375,000 9Housing Trust Fund Total, 2007 $35,247 37 $5.4 M 420


Community Investment Tax Credits Total, 2005 $11.8 M 513 $60.9 M 2,792Homeownership $876,625 259Rental $8.8 M 254Homelessness Prevention $2.2 M --

Low Income Housing Tax Credits, 1987 $20.6 M 150 $208.9 M 3,710Multifamily Bond Authority, 1993 -- -- $178.1 M 4,107Section 8 Rental Assistance Total, 1978 $33.1 M 6,476

Tenant-based $2.7 M 457Project-based $30.5 M 6,019

Emergency Shelter Grant Program, 2008 $28,571 --Homelessness Prevention and Rapid Re-housing Program (HPRP), 2009 -- 201

124



Dollars Units Dollars UnitsHomeownership Mortgage Program, 1974 $57.8 M 509 $710.7 M 6,490Keep My Tennessee Home Program, 2011 $1 M 146Foreclosure Prevention Program, 2008 $124,200 273 $455,250 1,660Homebuyer Education Program, 2003 $108,925 464HOME Total, 1992 $3.7 M 78 $25.7 M 889



Community Investment Tax Credits Total, 2005 $9.5 M 265 $30.1 M 655Rental $9.4 M 265Homelessness Prevention $153,750 --

Low Income Housing Tax Credits, 1987 $33.6 M 353 $146 M 1,963Multifamily Bond Authority, 1993 -- -- $23.6 M 426Section 8 Rental Assistance Total, 1978 $20.4 M 4,327



125



Dollars Units Dollars UnitsHomeownership Mortgage Program, 1974 $102.1 M 946 $1,034.9 M 9,765Keep My Tennessee Home Program, 2011 $2.4 M 312Foreclosure Prevention Program, 2008 $518,760 1,079 $1.9 M 7,043Homebuyer Education Program, 2003 $205,724 871HOME Total, 1992 $1.6 M 30 $19 M 466



Community Investment Tax Credits Total, 2005 $12.5 M 542 $74.8 M 3,104Homeownership $976,625 260Rental $9.3 M 282Homelessness Prevention $2.2 M --

Low Income Housing Tax Credits, 1987 $73.8 M 880 $622.1 M 11,453Multifamily Bond Authority, 1993 10.5 M 234 $365.6 M 10,216Section 8 Rental Assistance Total, 1978 $79.3 M 16,192



126



Dollars Units Dollars UnitsHomeownership Mortgage Program, 1974 $47.2 M 481 $587 M 6,309Keep My Tennessee Home Program, 2011 $1.5 190Foreclosure Prevention Program, 2008 $304,560 639 $1.1 M 4,132Homebuyer Education Program, 2003 $99,149 419HOME Total, 1992 $3.2 M 46 $32.8 M 768

Homeownership $2.2 M 35Rental $1 M 11

Housing Trust Fund Total, 2007 $632,892 145 $6 M 825Housing Modification and Ramps $35,575 44Rural Housing Repair $130,327 30Emergency Repair $466,989 71

Community Investment Tax Credits Total, 2005 $653,255 30 $12.7 M 353Homeownership $128,255 2Rental $525,000 28

Low Income Housing Tax Credits, 1987 $67.1 M 833 $485 M 8,568Multifamily Bond Authority, 1993 10.5 M 234 $219.1 M 6,901Section 8 Rental Assistance Total, 1978 $62.3 M 13,318



127



Dollars Units Dollars UnitsHomeownership Mortgage Program, 1974 $33.7 M 342 $355.5 M 3,720Keep My Tennessee Home Program, 2011 $1.2 M 147Foreclosure Prevention Program, 2008 $283,140 584 $997,500 3,752Homebuyer Education Program, 2003 $70,674 299HOME Total, 1992 $100,000 1 $630,862 22

Rental $100,000 1Housing Trust Fund Total, 2007 $88,312 14 $2.2 M 212

Emergency Repair $88,312 14Community Investment Tax Credits Total, 2005 $525,000 28 $9.9 M 242

Rental $525,000 28Low Income Housing Tax Credits, 1987 $34.6 M 582 $336.1 M 6,892Multifamily Bond Authority, 1993 $10.5 M 234 $190.9 M 6,127Section 8 Rental Assistance Total, 1978 $36.2 M 7,522

Tenant-based $3.3 M 502Project-based $32.9 M 7,020


2011Program Summary

404 James Robertson Parkway, Suite 1200Nashville, TN 37243-0900800-228-THDA - www.THDA.org


Tennessee Housing Development Agency 2011 Program Summary

Program Summary 2011

Documents

Transcript of Program Summary 2011