Tennessee HOME Rental Rehabilitation Program

Tennessee Housing Development Agency (HOME)

Available Home Repair

About This Program

Federal HOME funds for rehabilitation of rental properties affordable to low-income households. Property owners receive forgivable loans in exchange for maintaining affordability restrictions for qualifying tenants for minimum 5-year period.

Loan amount based on rehabilitation scope, forgivable after affordability period

Key Details

  • Up to $35,000 per unit for rental rehab
  • Must maintain affordable rents for 5+ years
  • Tenants must be at or below 80% AMI
  • Forgivable loan structure
  • Competitive application process

How to Apply

Deadline: Applications by competitive rounds

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