Purpose of THTF
THDA’s Tennessee Housing Trust Fund Competitive Grants are awarded to agencies for the purpose of developing and/or preserving rental housing for low- and very-low income households, the elderly, and those with special needs. Examples of special needs populations include persons with disabilities, formerly incarcerated individuals, victims of domestic abuse, and youth aging out of foster care. This page provides general information regarding the TN Housing Trust Fund Competitive Grants Program. For more information about applying for a grant during an open grant round, refer to the Competitive Grants Administrators page.
Who Can Apply
Non-profit Housing Development Organizations and Public Housing Authorities.
Eligible Activities
- New construction
- Acquisition of land upon which rental housing will be built
- Acquisition of existing rental units
- Rehabilitation of existing units
- Conversion of non-residential units to residential units
What Type of Funds are Available?
Approximately $4 million is allocated every year, upon approval by THDA’s Board of Directors. These funds come from the Tennessee Housing Trust Fund, which is financed by profits from THDA’s mortgage loan program. Funds are awarded annually based upon a rigorous competitive application and scoring process. The maximum grant award is $600,000 per grantee, per grant round. There is no minimum.