The Tennessee Housing Development Agency (THDA) recently awarded Knoxville’s Community Development Corporation (KCDC) an $850,000 grant to help build 12 single-family homes on infill lots in the Five Points community.
THDA considered nine grant applications from Tennessee agencies and housing authorities and awarded seven with KCDC scoring the highest among all applicants.
Construction on the four- and five-bedroom homes is expected to start in early 2021.
“We have significant demand for larger units within our existing communities, and this funding will help increase that supply,” KCDC Executive Director and CEO Ben Bentley said. “The success in earning this competitive grant is a testament to our team at KCDC.”
The sites are vacant and either already are owned by KCDC or have been conveyed from the City of Knoxville.
“Adding this infill housing will provide much-needed homes and transform unused lots into functional space for single families,” Bentley said.
About Knoxville’s Community Development Corporation
Since 1936, KCDC has been dedicated to enhancing the quality of life for the citizens of Knoxville. KCDC’s mission is to improve and transform neighborhoods and communities by providing high-quality affordable housing, advancing development initiatives and fostering self-sufficiency. For more information, call 865-403-1100 or visit https://www.kcdc.org/.