Affordable Housing Trust Fund
Forecasted
Affordable Housing Trust Fund supports nonprofits and governmental entities working on housing development, repairs, and counseling to expand affordable homeownership and rental opportunities in Knoxville.
Funder: East Tennessee Foundation
Due Dates (Anticipated): August 2027 (Annual application deadline)
Funding Amounts: Generally one-year awards; other terms considered when needed for project success
Summary: Supports affordable homeownership and rental housing opportunities for low-income households within the City of Knoxville.
Key Information: Open to nonprofit and governmental entities engaged in affordable housing activities in Knoxville, not individuals.
Description
The Affordable Housing Trust Fund, administered by East Tennessee Foundation, supports the production, preservation, and rehabilitation of owner-occupied housing for low-income households and programs that enhance rental opportunities for very low-income households within the City of Knoxville. Support includes housing development, pre-development services, financing assistance, home repairs, and education or counseling that helps residents obtain or retain housing.
The fund seeks projects that address unmet affordable housing needs, expand homeownership opportunities, or improve rental housing stock. Competitive selection considers organizational capacity, creative resource use, leveraging other resources, and low production costs. Projects should involve neighborhoods in planning, contribute to neighborhood livability, and incorporate long-term affordability, quality, and ease of maintenance.
