Northeast Tennessee / Virginia HOME Consortium
The Northeast Tennessee / Virginia HOME Consortium consists of Bristol, Tennessee and Bristol, Virginia, Kingsport, Johnson City, Bluff City, Sullivan, and Washington Counties, Tennessee. The Consortium has concentrated on the following HOME objectives:
☑ Provide decent affordable housing to lower-income households;
☑ Expand the capacity of nonprofit housing providers;
☑ Expand the ability of state and local governments to provide housing; and
☑ Leverage private sector participation
☑ Homeownership (down-payment and closing cost assistance)
☑ Owner-occupied rehabilitation/reconstruction activities for low and moderate-income households
For more information contact the First Tennessee Development District at (423)722-5122 or visit the website at www.ftdd.org/housing.
Affordable Home-Ownership Program
The Northeast Tennessee / Virginia HOME Consortium has initiated an Affordable Home-ownership Program designed to increase housing opportunities for low and moderate-income families. The Consortium has agreed to utilize Federal HOME funds from the U.S. Department of Housing and Urban Development and other grant programs to provide assistance in the form of a due-on-sale deferred payment loan that can be used for a down payment, and/or closing cost. The amount of assistance will be between $1,000 and $10,000 and will be based on the applicant’s need. A Subsidy Analysis will be prepared to determine need. Assistance is subject to the availability of funding.
To apply for assistance please fill out the Northeast Tennessee / Virginia HOME Consortium application here. Applicants are encouraged to contact the First Tennessee Development District at (423)722-5122 before completing this application.