Grants for Rental Housing Development for Low-Income Families in Tennessee (USA)
GrantID: 4919
Grant Funding Amount Low: Open
Deadline: Ongoing
Grant Amount High: Open
Summary
Unlock a transformative opportunity to enhance affordable housing across Tennessee. This funding initiative is designed to support the development and preservation of rental housing specifically targeted at low- and very-low-income households, seniors, and individuals with special needs, including disabled persons and youth transitioning from foster care.
With an allocation of approximately $5 million each fiscal year, eligible applicants such as cities, counties, nonprofit organizations, public housing authorities, and development districts can access funding through a highly competitive application process.
The maximum award amount is set at $500,000 per applicant, allowing for substantial impact in addressing the housing crisis exacerbated by rising construction costs. Funding can be utilized for a variety of purposes, including the new construction of residential units, acquisition of land for future developments, rehabilitation of existing properties, and even the conversion of non-residential spaces into livable housing.
By focusing on these critical areas, this initiative aims to bridge the gap in housing availability and ensure that vulnerable populations have safe, affordable places to call home.
The opportunity is open to a broad range of entities, fostering collaboration among local governments and nonprofits to meet community needs effectively. This initiative not only addresses immediate housing challenges but also contributes to long-term solutions for economic stability and quality of life for Tennessee’s underserved populations.
As you prepare to engage with this funding opportunity, envision the positive impact your project could have and the lives it could change. Act now to bring your vision to fruition and help shape a more inclusive future for Tennessee.
Those working in Aging/Seniors and located in Tennessee may meet the eligibility criteria for this grant. To browse other funding opportunities suited to your focus areas, visit The Grant Portal and try the Search Grant tool.
Eligible Regions
Interests
Eligible Requirements
