Affordable Housing Trust Fund Grant

East Tennessee Foundation

Deadline: Aug 1, 2024

Grant amount: Unspecified amount

Funding uses: Project / Program, Capital Project

Location of project: Knox County, Tennessee

Location of residency: United States

Overview:

Affordable Housing Trust Fund

East Tennessee Foundation’s Affordable Housing Trust Fund (AHTF, or the Fund) was established in 1993 with contributions from Knoxville's Community Development Corporation and the City of Knoxville. Subsequent contributions have been received each year from the City of Knoxville. The Fund has so far supported the production, preservation, and rehabilitation of owner-occupied housing for low-income households. To meet the evolving housing needs of our community, the Fund's focus area has expanded effective July 1, 2016 to support programs dedicated to enhancing rental opportunities for low-income households within the City of Knoxville as well.   

Eligible Activities

The Fund is designed to accept applications for a wide variety of projects that will result in increased housing opportunities for low-income households within the City of Knoxville. Fundable activities are grouped into two categories and include but are not limited to: 

New Construction and Major Rehabs

• New construction or major rehabilitation of single family homes
• Condominium or cooperative housing development
• Pre-development expenses including architectural, engineering, and consulting services
• Interest rate write-down assistance

Stabilization, Education, and Assistance Programs

• Down payment assistance for home purchase
• Minor home repair (including roof repair/replacement)
• Homeownership counseling
• Homebuyer education
• Foreclosure prevention

Eligible Forms of Assistance from the Fund

Funds may be awarded in the form of secured loans or lines of credit, forgivable loans, grants or any combination thereof, though renter-occupied housing programs are limited to grant funding only at this time. 

Awards are generally for one-year terms, but other terms will be considered if needed for the success of the project.

You can learn more about this opportunity by visiting the funder's website.

Eligibility:

• General Eligibility:
• Applicants may be nonprofit or governmental entities engaged in affordable housing activities within the City of Knoxville.
• Applicant organizations must be operated and organized so as to not discriminate on the basis of race, color, national origin, religion, gender, familial status, sexual orientation, age, disability, or covered veteran status as identified in East Tennessee Foundation’s Diversity and Non-Discrimination Policy.
  

Ineligibility:

• Awards are not made to individuals.
• The following types of requests will NOT be funded:
• Projects that have explicit religious content, express a particular religious view or advance a religious purpose
• Debt retirement or budget deficits
• Endowment funds or general fundraising campaigns
• Capital improvements
• Grants to individuals