Tennessee Housing Grants
The Office of Departmental Grants Management and Oversight (ODGMO) of Tennessee is responsible for housing grants (HUD programs and initiatives) in the state of Tennessee. Although there are funds available to Tennessee residents, not everyone is eligible to apply and receive Tennessee Housing Grants. The ODGMO has set a list of policy priorities.
Housing Grants for Low-Income Residents in Tennessee
Tennessee's local government has set aside financial assistance for residents with no or low-income. According to the latest research, with an average household income of $43,614.00 per year, only 71.70% of the population paid off their mortgages on their homes. The average home value in Tennessee is $134,100.00. The main initiative behind this policy is to assist residents financially while they look for jobs or improve their income.
Housing Grants for Green Homes in Tennessee
There are currently 2,810,000 households in the state of Tennessee. The local government in Tennessee actively promotes green initiatives in the housing sector. Funds are available for residents of Tennessee to improve the sustainability of their homes through energy-efficient, environmentally friendly, and healthy design. For metropolitan and some regional areas in Tennessee, housing grants are also given to households to improve location efficiency and disaster resiliency.
Housing Grants for Minorities in Tennessee
To overcome discrimination due to race, color, nationality, gender, religion, disability, or familial status, the department of housing in Tennessee actively promotes fair housing by providing financial assistance in the form of housing grants to the minorities of Tennessee.
Housing Grants for Home Businesses
For residents of Tennessee who run businesses at home, they are eligible to apply for housing grants in addition to small business grants. If you use your home as a platform for improving other outcomes, such as business, education, health, or environment, the HUD initiatives will be able to provide you with the funding you need.
To apply for housing grants in Tennessee, contact Tennessee financial aid agencies.
Housing Grants in Local States
Recent Housing Grant Recipients
|Recipient||Project, Industry, Purpose||Amount|
|Project: Establish gas bar/sporting goods store
Industry: Accommodation and Food Services
Retail Trade/ Services
Purpose: New Business Startup
|C B Trade Limited
|Project: Expand mushroom processing facility (brine/dry equipment)
Industry: Agriculture, Forestry, Fishing and Hunting
Manufacturing, Mining and Energy
|Corroless Atlantic Incorporated
|Project: Expand propane exchange business/purchase equipment/renovate
Industry: Retail Trade/ Services
Renovation / Maintenance / Upgrade
|Western Oilfield Environmental Services
|Project: Hire 1 graduate as international projects coordinator
Industry: Professional, Scientific and Technical Services
Purpose: Job Creation
Training / Certification / Wage Support
|Optima Facial Tone Inc
|Project: To expand 'optima facial tone inc.' business
Industry: Information Not Available
Purpose: Expansion Capital