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
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1973
THDA is established
1980
Began the Housing Counseling Program to provide education
1987
Began administering the Low Income Housing Tax Credit Program
2007
The Tennessee Housing Trust Fund was established
2016
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.”
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.
