The Tennessee Housing Development Agency is a leading voice for affordable housing opportunities in the state. Its support of the Carter Work Project builds on a long legacy of bringing stability to the residential construction and related industries in order to drive the production of new housing units. THDA is a primary administrator for numerous federal and state housing programs and is authorized to issue tax-exempt Mortgage Revenue Bonds that open doors for first-time homebuyers and veterans. The Tennessee Housing Development Agency also provided support to the 2016 Jimmy & Rosalynn Carter Work Project in Memphis.
The Barnes Housing Trust Fund, overseen by the Nashville mayor's office, provides grants for renovation or construction of affordable housing units. The fund's support of Habitat aligns with its overarching mission to increase affordable housing options in Nashville. To date, the fund has invested more than $37 million in affordable housing development and rehabilitation and has leveraged more than $183 million of federal and private funding for the construction of more than 1,700 housing units.
"In Nashville alone, home prices have increased 74 percent since 2012. Nationally, nearly 39 million households are paying more than they can afford for their homes," said Danny Heron, president and chief executive officer for Habitat for Humanity of Greater Nashville. "The national and local need for affordable housing is staggering, which is why it's inspiring to see organizations like the Barnes Housing Trust Fund and the Tennessee Housing Development Agency rally to help families in need of affordable homes here in Nashville."