THE HOUSING FUND
Programs
Housing Resiliency Fund
THE HOUSING RESILIENCY FUND IS A GRANT STARTED IN FY21 TO HELP OFFSET THE RECENT PROPERTY TAX INCREASE FOR LOW- TO MODERATE-INCOME HOMEOWNERS IN NASHVILLE. THE PRIMARY OBJECTIVE OF THE HOUSING RESILIENCY FUND IS TO PRESERVE AFFORDABILITY FOR EXISTING HOMEOWNERS. DURING THE YEAR, THE HOUSING RESILIENCY FUND SUPPORTED 464 HOUSEHOLDS IN DAVIDSON COUNTY WITH $279,758 IN CURRENT YEAR DISBURSEMENTS AND COMMITTED AN ADDITIONAL $897,000 FOR THE NEXT 4 YEARS TO SUPPORT THE FAMILIES WITH INCOMES AT 100% OR BELOW AMI. IN FY22, THF EXPANDED THE HOUSING RESILIENCY FUND TO ASSIST LANDLORDS TO HELP PREVENT THE INCREASE IN PROPERTY TAXES FROM BEING PASSED THROUGH TO THE LOW AND MODERATE INCOME TENANTS. THF ASSISTED 32 LANDLORDS WITH PROPERTY TAX GRANTS THAT OFFSET THE PROPERTY TAXES ON 332 UNITS HELPING 593 INDIVIDUALS STAY IN THEIR RENTALS.GeographiesNot indicatedDatesOct 1, 2021 – Sep 30, 2022Source990No causes providedNo populations provided–$1.8MDevelopment Loan Programs
DEVELOPMENT LOAN PROGRAMS - PROVIDES LOANS FOR DEVELOPMENT OF AFFORDABLE HOUSING IN ALL AREAS, AS WELL AS LOANS FOR COMMUNITY FACILITIES IN LOW-TO-MODERATE INCOME TRACTS. FROM INCEPTION, OVER 2,918 AFFORDABLE HOUSING UNITS HAVE BEEN CONSTRUCTED OR REHABILITATED USING FUNDS FROM THE HOUSING FUND, WITH OVER $77,363,000 LENT.GeographiesNot indicatedDatesOct 1, 2021 – Sep 30, 2022Source990No causes providedNo populations provided–$1.4MDownpayment Assistance Programs
DOWNPAYMENT ASSISTANCE PROGRAMS - HELPS LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES IN BECOMING SUCCESSFUL HOMEOWNERS BY PROVIDING DOWN PAYMENT AND CLOSING COST LOANS. ASSISTANCE IS PROVIDED ON A GRADUATED BASIS, DEPENDING ON HOUSEHOLD INCOME. FROM INCEPTION, MORE THAN 3,900 FAMILIES HAVE BEEN ASSISTED IN PURCHASING A HOME, WITH $32,600,000 LENT. IN FY 2022, OVER $3,607,000 WAS LENT AND 247 HOUSEHOLDS SERVED.GeographiesNot indicatedDatesOct 1, 2021 – Sep 30, 2022Source990No causes providedNo populations provided–$705.1K
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)