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- EIN 62-1632388
- (615) 780-7000
- Po Box 281345 Nashville TN 37228 USA
- www.thehousingfund.org
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Nonprofit Overview
Causes: Homeless & Housing, Housing Development, Construction & Management
Mission: The housing fund provides resources and creative leadership to help low and moderate income individuals and communities create and maintain affordable and healthy places to live. The housing fund makes low interest housing, development and community development loans to individuals, families and developers to acquire, create and maintain affordable and healthy homes and communities.
Programs: Flood assistance program - provides a combination of low-interest loans, due-on-sale loans and/or grant assistance for the repairs to properties that were damaged by the flood that took place in nashville, tennessee in may 2010. Assistance is provided to enable clients to meet financial gaps that may occur between the cost to repair property and proceeds from insurance, and federal and local disaster relief programs. In total, over 550 families have been served. During fy 2013, the housing fund entered into an agreement with habitat for humanity to finance the acquisition, repair, and sale of flood impacted properties. In total, the housing fund provided financing to habitat for humanity for 32 flood impacted homes.
downpayment assistance programs - helps low and moderate income individuals and families in becoming successful home owners by providing down payment and closing cost loans. Assistance is provided on a graduated basis, depending on household income. From inception, more than 3,400 families have been assisted in purchasing a home, with $23,000,000 lent. In fy 2017, over $457,000 was lent and 54 households served.
development loan programs - provides loans for development of affordable housing in all areas, as well as loans for community facilities in low to moderate income tracts. From inception, over 1,711 affordable housing units have been constructed or rehabilitated using funds from the housing fund, with over $56,000,000 lent.