Ripley Housing was recently awarded the 2022 National Housing Trust Fund (NHTF) grant totaling $1,499,945.00.
The National Housing Trust Fund (*NHTF") Program Description allocated approximately $9.8 million available for award.
The program had received seven (7) applications requesting over $8.5 million in NHTF Program funds.
Only three (3) applications passed the points threshold. THDA staff recommended the award and funding of the three (3) eligible applications for
$4,136,395 in program funds to help create 65 new affordable housing units in Tennessee.
The following HAs received awards:
Ripley Housing will be using these funds to assist in the complete exterior remodeling of their Chapel Circle property.
Chapel Circle was originally constructed in 1962 and is composed of 35 units with 1-4 bedrooms. 27 of the total units fall into the NHTF classification for extremely low- and very low-income households Ripley Housing's renovation will focus primarily on the exterior of the units, giving them an updated and more modern look.
The new exteriors will more closely match the updated look of the recently renovated Ripley Housing Office.
Their exterior renovation plan will not only improve the physical conditions of the property but will provide residents with a beautiful place to call home.
For more information on the Renovation project, please visit the Ripley Housing website, RipleyHousing.org.
