UPCOMING CAUCUS MEETINGS!
- Tennessee: Wed. June 30 9am – Noon ET (8am – 11am Central) via ZOOM – contact email@example.com for link/password
- Tennessee: Wed. October 20
Looking for the NEW Alabama Caucus Member Information Page? Click HERE
TN Caucus Members: Your production report is due 1 week + 2 days before each caucus meeting and can be accessed here: https://www.surveymonkey.com/r/CaucusMemberUpdates
- PREVIOUS CAUCUS MEETING INFORMATION
- TN/AL Caucus Packet 2/16/2020 – Notes & Take-aways
- TN/AL Caucus Packet – 10/21/2020
- CITC Program Sheet from THDA – 10/21/2020
4/22/2021 – TN Caucus Update from the Spring Retreat – View Sherry Trent HERE
5/4/2021 – Notes & Resources from ARPA Call w/TN Caucus
| Tennessee will be allocated roughly $458 million from the federal government for COVID-19 Rent Relief and Governor Lee has tasked THDA with administering these funds for the majority of the state. THDA is working now to develop a web portal for applicants, establish a call center for application assistance, and prepare an adequate number of staff to review and process thousands of payments to landlords and utility providers. |
Further, the US Treasury is expected to release additional funding guidance later in January that will impact our program administration. While this is a big challenge, THDA is working to open the COVID-19 Rent Relief program as soon as is practical. Based on the experience of other states and what we are hearing from the vendors we expect to work with, we anticipate it will take at least eight weeks for THDA to be ready to disburse funds.
Of note, several eligible communities have chosen to run their own program. Residents in those areas will not be eligible to apply for COVID-19 Rent Relief through THDA, but will be able to apply through their community programs. Those communities that will run COVID-19 Rent Relief/emergency rental assistance programs include:
· Knox County
· Shelby County
We will keep you updated on our progress and provide you with information as it becomes available. In the meantime, you can direct constituents to our website where they can sign up to be notified when the THDA application portal opens. COVID-19 Rent Relief information
THDA has re-established its Reinstatement Only Program. ROP provides assistance to homeowners who have fallen behind on their mortgage loans due to a qualifying hardship that occurred after March 1, 2020. Learn more here.
Check out this article by Ralph Perry & Ed Brady: The Housing Shortage Can Help Put People Back to Work – How state housing finance agencies and home builder associations can make it happen.
Tennessee homeowners facing foreclosure are in a better position to sell their home, and avoid a financial loss, than they have been at any point in the past decade. Check out THDA research .
2020 Housing Market at a Glance –
The latest installment of THDA’s most broad, comprehensive summary of Tennessee’s housing market data is now available. HERE
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.
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
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