NASHVILLE — State Senator Ken Yager (R-Kingston) today announced the Scott-Morgan Community Development Corporation (CDC) has been awarded a $185,000 Housing Trust Fund grant from the Tennessee Housing Development Agency (THDA). The funds, which were awarded through a competitive application process, will be used to acquire and rehabilitate eight, affordable rental units in Scott and Morgan counties.
“Many residents in our community struggle to find safe, decent, affordable rental housing,” said Sen. Yager. “I appreciate THDA’s partnership with the Scott-Morgan CDC and their continued investment in our community.”
The Housing Trust Fund was created by the THDA Board of Directors to provide financial support for innovative, affordable initiatives that serve the housing needs of Tennessee’s must vulnerable residents. Funding for the Housing Trust Fund comes entirely from earnings generated through THDA’s Single Family Mortgage program.
Since 2006, THDA has provided over $30 million in HTF grants to local governments and nonprofit organizations across the state.