Tennessee Housing Development Agency

THDA’s mission is to meaningfully expand affordable housing by promoting the production and preservation of affordable new and existing housing units for very low-, low- and moderate-income individuals and families. 

Relationship to the State Government: State Agency

Current Staff Size: 272

Visit THDA's Website


THDA is established



Began the Housing Counseling Program to provide education



Began administering the Low Income Housing Tax Credit Program



The Tennessee Housing Trust Fund was established



Established Volunteer Mortgage Loan Services


Total Financing Provided


Renters Served Since 1973


Homeowners Served Since 1973

Signature Program

THDA Challenge Grant

Established in 2018, the Challenge Grant Program provides initial seed funding to support the fundraising efforts of nonprofit organizations across Tennessee to implement housing activities that represent unique milestones, are part of a broad community initiative, or are part of a significant expansion of work outside the normal day to day activities of the organization. Selected proposals must generate cash leverage of at least 300% within nine months of THDA’s commitment.

Housing Units: 334

Future Focus


Ralph M. Perrey

Executive Director

“THDA’s focus is on doing more to meaningfully impact affordable housing in Tennessee.  Our aim is to provide more mortgage finance options for first-time homebuyers, increase our support for affordable multifamily development, and by increase our earnings to have more resources to support the work of housing non-profits in our communities.”

Success Stories
Valerie Jones
Mending Hearts


Nashville, TN

With help from the Tennessee Housing Trust Fund, Mending Hearts opened its first transitional living facility for women experiencing addiction, incarceration, or other mental disorders. In 2020, Valerie Jones enrolled at Mending Hearts and began her journey to clean living. After struggling for years with addiction and being in and out of jail, Valerie now has a safe place to call home while she works to start a new life.

Jessica Lovelace 
Baker Court Apartments


Johnson City, TN 

Baker Court Apartments, made possible through funding provided by THDA, houses formerly homeless teens as well as older adults. When Jessica’s mother suddenly passed away she found herself living in an unsuitable environment with her father. An apartment at Baker Court has allowed Lovelace a safe and comfortable living space where she can focus on her future. Jessica is now enrolled in college and is pursuing a degree in social work. 

Scott Thomas 
Rebuild and Recover


Gatlinburg, TN

Scott Thomas lost everything in the wildfires that devastated large portions of Sevier County in Nov. 2016. His home and all of his belongings were destroyed. The Appalachia Service Project, through THDA’s Rebuild and Recover program, constructed 20 new single-family homes for residents like Thomas who were left homeless.

Pam and Dave Hendrix of Newbern, TN
Carey Counseling Center Duplex
Highland Place Apartments in Kingsport, TN
Attendee roundtable at the 2020 TN Housing Conference
The Flats at Pond Gap in Knoxville TN