Knoxville, Tenn. (January 29, 2020) – Habitat for Humanity of Tennessee is directing $62,000 in grant funding to Knoxville Habitat for Humanity that will assist in the building of four new homes in Knox County.
The funding comes as part of a half-million-dollar grant from the Tennessee Housing Development Agency (THDA). Knoxville Habitat for Humanity and its sister organizations throughout the state will apply the grant toward the construction of 30 new homes for qualified, hardworking families.
“THDA is a strong statewide partner helping us make homeownership a reality for Tennesseans,” said Colleen Dudley, executive director of Habitat for Humanity of Tennessee. “This grant provides us with a solid foundation to spur our larger fundraising efforts, which will reach over $4 million from individuals, churches, foundations and businesses to complete these builds.”
Local Habitat chapters could apply for $15,500 per build in funding from the grant. When construction is complete in June 2020, more than 100 children and adults will be living in affordable, energy-efficient homes built in part from this funding.
“We share Habitat’s mission and its passion for creating new homeownership opportunities to Tennessee families, so it’s a very natural partnership,” said THDA Executive Director Ralph M. Perrey. “We’re always confident that Habitat is going to put our funding to good use, and I’m sure more than a few THDA staffers will be among the volunteers at build sites across the state.”
In addition to supporting Habitat for Humanity with grant funding, THDA also provides zero-interest home loans to qualified Habitat homeowners. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage that, in turn, helps fund future home builds for Tennessee families.
Habitat for Humanity is propelled by a vision of a world where everyone has a decent place to live. Habitat for Humanity began in Tennessee in 1978 when Appalachia Habitat was created serving Scott and Morgan counties. The Christian housing organization has grown over the past 40 years to include 40 affiliates that serve 65 counties. Tennessee is ranked as the fourth largest builder of Habitat for Humanity homes in the country.
Funding for the $500,000 THDA grant came from the Tennessee Housing Trust Fund (THTF) which receives no state tax dollars but is instead funded by revenue from THDA’s mortgage loan program. Since 2006, THDA has provided more than $75 million in THTF grants. For more information, visit THDA.org.
About Knoxville Habitat for Humanity
Knoxville Habitat for Humanity is an independent, non-profit, Christian housing ministry that partners with people of all beliefs. An affiliate of Habitat for Humanity International since 1985, Knoxville Habitat builds homes in partnership with families in need of affordable housing.
Families are very much invested in the process of buying their new homes, and they pay mortgages like anyone with a traditional home loan. In addition to their mortgage, each family must contribute 500 hours of sweat equity as a down payment before they can move in, most of which are spent in classes learning how to budget and become a responsible homeowner. Volunteers and future homeowners provide the labor in building the homes, while tax-deductible donations of money, land and materials are provided by individuals, organizations and corporations. Knoxville Habitat has partnered with nearly 700 families in Knox County. For more information, visit knoxvillehabitat.com.