Habitat for Humanity of Cleveland announced it will receive $15,500 in grant funding by Habitat for Humanity of Tennessee to build one new home in Cleveland/Bradley County.
The funding comes as part of a $500,000 grant from the Tennessee Housing Development Agency. Habitat for Humanity of Cleveland and its sister organizations throughout the state will apply the grant toward the construction of 30 new homes for qualified first-time homebuyers.
"It takes time, talent and funding to build a home," said Tammy Johnson, executive director of Habitat for Humanity of Cleveland. "Some provide time, some talent and others donate funds to help build. THDA has provided support by helping fund a Habitat home, which improves our great community. This grant is going to directly help one of our 2020 homeowners begin construction on their home. Our gratitude runs deep, but it doesn't compare to the lasting change it will bring to a family in Bradley County."
THDA allocates the funds to Habitat for Humanity of Tennessee, and local Habitat chapters could apply for $15,500 per home build. When construction is complete in June 2020, more than 100 children and adults will be living in affordable, energy-efficient homes built in part from this funding, officials said.
“THDA is a strong statewide partner helping us make homeownership a reality for more Tennesseans,” said Colleen Dudley, executive director of Habitat for Humanity of Tennessee. “This grant provides us with a solid foundation to spur our larger fundraising efforts, which will reach over $4 million from individuals, churches, foundations and businesses to complete these builds.”
Funding for the grant came from the Tennessee Housing Trust Fund, which receives no state tax dollars but is instead funded by revenue from THDA’s mortgage loan program. Since 2006, THDA has provided more than $75 million in THTF grants.
“We share Habitat’s mission and its passion for creating new homeownership opportunities for Tennessee families, so it’s a very natural partnership,” said THDA Executive Director Ralph M. Perrey. “We’re always confident that Habitat is going to put our funding to good use, and I’m sure more than a few THDA staffers will be among the volunteers at build sites across the state.”
In addition to supporting Habitat for Humanity with grant funding, THDA also provides zero-interest home loans to qualified Habitat homeowners. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage that, in turn, helps fund future Habitat builds.