2026 HOME Rental Housing Development
Forecasted
The 2026 HOME Rental Housing Development grant from the Tennessee Housing Development Agency funds the creation and rehabilitation of affordable, high-quality rental housing for low-income Tennesseans.
Funder: Tennessee Housing Development Agency
Due Dates (Anticipated): July 2027 (Application deadline, projected)
Funding Amounts: Grants from $300,000 to $1,500,000 per project; minimum $1,000 per HOME-assisted unit; maximum per-unit subsidy: $187,658–$371,477 by bedroom size; 5–20 year affordability period.
Summary: Supports the development, acquisition, and rehabilitation of affordable rental housing for low-income households in Tennessee.
Key Information: 25% non-federal match required; projects must meet strict affordability, design, and compliance standards.
Description
The Tennessee Housing Development Agency (THDA) HOME Rental Housing Development program provides federal funding to support the creation, preservation, and rehabilitation of affordable rental housing for low-income households throughout Tennessee. Funding is awarded through a competitive process to eligible organizations, including non-profits, public housing authorities, and certain for-profit entities, to develop quality rental properties. Projects must adhere to affordability and compliance requirements, ensuring long-term benefit to low-income tenants.
