Tennessee and Alabama Member Information

Free Webinar – Friday, June 19th, 12:30 p.m. EDT – THINK TENNESSEE Town Hall with TN Non-Profits – Join ThinkTennessee for an important conversation via Zoom on how civic engagement can support your mission and work. Our conversation will include an overview of the current state of voting in Tennessee and provide actionable, light-lift recommendations for getting your organization more civically engaged. Register HERE

FHLB-Cincinatti – News/Updates

Note from Judy Rose: Just want to make sure the Fahe Members have the 2020 AHP deadline on their radar screen- we’ve moved it up a week from last year to July 31, 2020.  We are hosting a virtual training next week. Here is the AHP SUMMARY PageResource Page from the website

Information Sessions for the FHLB AHP The online application for the Federal Home Loan Bank (FHLB) of Cincinnati Affordable Housing Program (AHP) funds is now available along with up-to-date webinars on a variety of AHP application topics. Please join the FHLB at one of their AHP information sessions offered at 2 p.m. ET Wednesday and Thursday, June 17 and 18, 2020. Registration is available for each session listed below: June 17, 2020 Session  June 18, 2020 Session  If you have any questions, please contact the Housing and Community Investment Department at 888-345-2246 or email AHPApplication@fhlbcin.com.

THDA News/Updates

7/1/2020THDA’s Research and Planning Division has released its annual Economic Impact Report, which details the impact the agency’s affordable housing programs have across the state.   The report uses a comprehensive framework to to estimate the economic impact of THDA activities in providing safe, sound, affordable housing options to households of low- and moderate-income while also providing a review of THDA programs, both loans and grants, to determine the scope and the monetary flows of each program’s activities.  Click here for more
6/08/2020Community Programs 2021 Challenge Grant Announcement The THDA 2021 Challenge Grant Application information will be released on June 19, 2020.   Anyone interested in applying for the Challenge Grant is encouraged to attend the Application Workshop: June 18, 2020, from 2:00 P.M. to 4:00 P.M. (CST) via WebEx   If you are interested in attending the workshop, please contact Allyson Carroll at acarroll@thda.org for WebEx access.  In an effort to increase social distancing and stem the curve of the COVID-19 virus, THDA will make the following changes to the 2021 Challenge Grant Application delivery method:   All applications must be submitted to THDA electronically through the secure EFT site Access to the secured site must be obtained by emailing Kathleen Norkus at knorkus@thda.org All applications must be received electronically, through THDA’s EFT site, by or before 11:59 p.m. (CST) on Thursday, August 8, 2020 to be considered THDA staff will NOT be available to accept any applications in person.     Please contact one of the following THDA staff with questions: Toni Shaw – 615-815-2034 or tshaw@thda.org  – Allyson Carroll – 615-815-2041 or acarroll@thda.org 

AHFA News/Updates!

Hardest Hit Alabama Reopens to Help Families Affected by COVID-19 AHFA has taken action to help Alabama families affected by the COVID-19 pandemic by reopening Hardest Hit Alabama (HHA). HHA provides short-term mortgage payment assistance to those who have lost employment or income due to COVID-19. 

  • Eligibility Requirements:
  • Maximum assistance: Up to $30,000
  • Total Household income: $91,420 (includes income of all occupants 18+ years)
  • Maximum Unpaid Principal: $300,000 (must include balance of all outstanding liens)
  • Homeowners who are receiving or who have received mortgage payment assistance from HHA in the past are NOT eligible for additional assistance

Anticipating a high demand for this program, HHA will accept applications in cycles of 200 submissions each. Upon receipt of 200 applications, we will temporarily close the application portal to evaluate them. During this time, applicants may check their application status online to confirm they have submitted all required documents.  Homeowners may get more information about HHA and submit an application by visiting www.hardesthitalabama.com

AHFA Facebook, Instagram, and YouTube Sign up for newsletters HERE

June 3, 2020 – Sen. Blackburn’s Comments from the floor of the Senate on ASP and Nonprofits in TN.

FHLB-Cincinatti News

Disaster Reconstruction Funds Update

Households in two Tennessee counties, whose homes were damaged by severe storms, tornadoes and flooding April 12-13, 2020, may qualify for grants from the Federal Home Loan Bank of Cincinnati’s Disaster Reconstruction Program (DRP) to aid their recovery. In addition, FHLB Cincinnati’s CICA programs offer discounted Advances that can be used to finance reconstruction of housing, commercial properties and infrastructure following natural disasters.

Residents of Bradley and Hamilton counties recently became eligible to receive these grants when the Small Business Administration declared them a disaster area on April 24, 2020. Homeowners whose homes were damaged or destroyed may be eligible for grants of up to $20,000 toward construction, acquisition or repair of their primary residences. Renters displaced by the severe weather or tornadoes could also be eligible to receive up to $5,000 toward the purchase of a home.

Eligibility rules for those applying for DRP funds include:

  • Eligible households have either been displaced or suffered damage to their primary residence by a federally or state declared disaster occurring within the Fifth District.
  • Household income must be less than or equal to 100 percent of the applicable Mortgage Revenue Bond income limits. In Hamilton County, Tenn., for a family of one or two persons, the limit is $67,800 and for a family of three or more, the limit is $77,970.
  • Allowable expenses include construction, acquisition, or repair of a primary residence, which must be a single-family detached home or manufactured home permanently attached to a fixed foundation and taxed as real property where the applicant is the owner of record. FHLB funds cannot be used for expenses covered by insurance or state or federal emergency management agencies.

Shared by Norma, Fahe’s VP of Human Resources RE: Families 1st Coronavirus Response Act

On Wednesday, March 18, President Trump signed H.R. 6201, the “Families First Coronavirus Response Act,” into law. It becomes effective on April 2nd, which is a short period for taking compliance steps and budgeting for the changes. Among the provisions of the coronavirus relief bill are items relating to paid sick time and family leave, which we [McBrayer LLC] have summarized HERE, as they will have an enormous impact on employers.

Office of National Drug Control Policy

We are very excited to share that on Friday, the Administration released a new tool to assist rural community leaders in building an effective local response to the crisis of addiction, the Rural Community Action Guide: Building Stronger, Healthy Drug-Free Rural Communities.  

The guide complements both the Community Assessment Tool, which gives county specific data about deaths and factors which may make a community more vulnerable to addiction, and the Federal Rural Resources Guide, which includes comprehensive information about different federal funds for rural communities impacted by addiction.  The Guide also has a companion supplement, a listing of promising practices which you can find here: Rural Community Action Guide: Promising Practices.

Per Anne Hazlett, news sent on funding announcements every few weeks- to be added to that list, please email Betty-Ann Bryce

Kaboom grant for playground equipment – rolling deadline, fundraising match required – check it out HERE Frequently Asked questions/answers HERE

FHLB-Atlanta News/Updates

Help Community Heroes Purchase a Home – New Program! Community Heroes, in partnership with FHLB-Atlanta helps law enforcement officers, public school educators, firefighters, and other first responders purchase a home.  Learn more HERE