Photo curtsey of the Rogersville Review
Hancock County, Tennessee is a recent recipient of a $265,000 HOME Program Grant to make much-needed repairs to substandard homes for elderly and disabled residents.
The First Tennessee Development District Housing staff will work with Hancock County Mayor Thomas Harrison to identify and renovate or rebuild at least four single-family homes located in the county. The project will benefit low- and very low-income individuals that do not have the financial resources to make needed improvements to their homes.
The HOME program is funded by the U.S. Department of Housing and Urban Development and is administered in part in Tennessee by THDA. During the most recent funding round, THDA awarded 22 competitive HOME grants statewide totaling $6.9 million.
The county will be to hold a public meeting to outline grant and applications procedures. From the applications that are received, a priority list will be formed based on the level of rehabilitation work required, as well as each applicant’s socioeconomic status.
Each home selected will receive a per-unit subsidy for rehabilitation that will bring it up to code. Efficiency-sized dwellings can receive up to $58,378, while one-bedroom homes can receive up to $66,923, two-bedrooms to $81,377, three-bedrooms up to $105,276 and four or more bedrooms up to $115,560.
Financial assistance for home repairs will be provided in the form of a deferred grant that is forgivable at 20 percent per year if the family remains in compliance.
For questions about this or other Housing Programs administered by the First Tennessee Development District, please contact Rene Mann, rmann@ftdd.org.