Morristown receives grant to help low-income homeowners

The city of Morristown has been awarded an $810,000 HOME Program grant from the Tennessee Housing Development Agency (THDA) to renovate or rebuild up to 12 single-family homes located within the city limits. The project will benefit very-low and low-income individuals that do not have the financial resources to make needed improvements to their residences. Each home selected under the program will receive repairs that will bring it up to code. If the hard cost of repairs exceed more than 75% of the home’s appraised value, the funds will be used for reconstruction. The goal of the program is to address livability and quality of existing homes in a time of need for affordable housing.