Two grants from the Tennessee Housing Development Agency totaling $750,000 have been awarded for the town of Dayton and Rhea County.
Specifically, the town of Dayton will receive $250,000 and Rhea County will receive $500,000 in funding for homeowner rehabilitation.
The monies are a part of THDA’s HOME grants program. According to the organization’s website, HOME funds are awarded annually to cities, counties and Community Housing Development Organizations in order to assist homeowners with the rehabilitation of homes, as well as down payment assistance and new construction for qualified homebuyers.
“THDA’s investment in our community is tremendous news for the hardworking families of Dayton and Rhea County,” said State Rep. Ron Travis. “I know many of our residents take pride in owning and maintaining their homes, and I am pleased that this funding will assist some of them with the cost of properly servicing their properties.”
A check presentation to officially award the funds is scheduled for Tuesday, Aug. 15, at 2:30 p.m. at the Rhea County Executive’s Office.
Additional information about the HOME grants program is available at: https://thda.org/