State housing grant of $500,000 will be used to renovate more than 60 homes
The Tennessee Housing Development Agency awarded the City of Oak Ridge a $500,000 grant on Wednesday, June 9, 2016, that will be used to renovate more than 60 single-family homes. Pictured above are THDA Executive Director Ralph M. Perrey, third from left, with other state and Oak Ridge officials. (Photo by John Huotari/Oak Ridge Today)
The $500,000 state housing grant that Oak Ridge received Wednesday will be used to renovate more than 60 homes, officials said.
The HOME Program grant is from the Tennessee Housing Development Agency, or THDA. It’s funded by the U.S. Department of Housing and Urban Development and administered in part by the THDA in Tennessee.
“The HOME dollars will be of good use in making these homes safe, sound, and affordable,” said Ralph M. Perrey, THDA executive director.
The city plans to use the money to renovate 63 owner-occupied, single-family homes in the Manhattan District Overlay zone. Oak Ridge created the zone, which includes so-called “legacy homes,” mostly in the center of the city, to improve the development that is carried out in its oldest neighborhoods, a press release said.
The HOME grant money will allow Oak Ridge to replace electrical wiring systems and wall insulation, and install double-paned windows for the targeted homes, which date back to the World War II era, when the city was involved in the Manhattan Project. The city’s work under the HOME grant will be carried out in conjunction with Make Oak Ridge Energy Efficient, or MORE2, a project that is performing energy retrofits for 229 homes in the designated neighborhoods, the press release said. [Read more…]
