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Oak Ridge, AC added to state blight elimination program; loans of up to $25K per home

Posted at 11:22 pm July 11, 2016
By John Huotari Leave a Comment

TDHA Perrey Oak Ridge Gooch Blight Elimination Program July 11 2016

Oak Ridge and Anderson County have been added to a state blight elimination program that could allow the city to accelerate its efforts to remove blighted and abandoned homes and replace them with new affordable housing, or possibly green space. Ralph Perrey, left, executive director of the Tennessee Housing Development Agency, makes the announcement in Oak Ridge on Monday, July 11, 2016. Also pictured is Oak Ridge Mayor Warren Gooch. (Photo by John Huotari/Oak Ridge Today)

 

Oak Ridge and Anderson County have been added to a state blight elimination program that could allow the city to accelerate its efforts to remove blighted and abandoned homes and replace them with new affordable housing, or possibly green space. Loans of up to $25,000 per home are available.

The Blight Elimination Program allows qualified nonprofits and land banks, like the one in Oak Ridge, to apply for loans of up to $25,000 to acquire blighted, abandoned homes, demolish them, turn the property into green space, and maintain the vacant lots. The “greened” lots can then be turned into new affordable housing or converted into other uses meant to stabilize neighborhoods, with the uses approved by the Tennessee Housing Development Agency.

The $25,000 per demolition will be fronted by the THDA. The work could start with the Oak Ridge Land Bank Corporation, THDA Executive Director Ralph M. Perrey said during a Monday afternoon press conference in Oak Ridge. The press conference also included Oak Ridge City Manager Mark Watson, Oak Ridge Mayor Warren Gooch, and Katie Moore, East Tennessee THDA representative.

The Blight Elimination Program has $10 million in funding available in Tennessee on a first-come, first-served basis. Much of it is likely to be used in Memphis in Shelby County, one of six other counties previously approved for the Blight Elimination Program, Perrey said.

But Memphis isn’t the only place that needs help, he said.

“I think a fair amount of that can be put to work here,” Perrey said in Oak Ridge on Monday. [Read more…]

Filed Under: Front Page News, Government, Oak Ridge, State, Top Stories Tagged With: affordable housing, Anderson County, BEP, blight elimination, Blight Elimination Program, blighted home, Community Development Block Grant, demolition, Hardest Hit Fund, HHF, Kathryn Baldwin, Katie Moore, Manhattan District Overlay, Manhattan Project, Mark Watson, MDO, Oak Ridge, Oak Ridge Land Bank Corporation, Ralph Perrey, Tennessee Housing Development Agency, THDA, U.S. Treasury, Warren Gooch, World War II

Tennessee housing agency to announce blight elimination partnership with Oak Ridge

Posted at 3:27 pm July 8, 2016
By John Huotari 6 Comments

THDA Perrey and Gooch June 8 2016

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, left, and Oak Ridge Mayor Warren Gooch. THDA and Perrey will be back on Monday, July 11, to announce a partnership with the City of Oak Ridge to support the implementation of THDA’s Hardest Hit Fund Blight Elimination Program, or BEP. (Photo by John Huotari/Oak Ridge Today)

 

The Tennessee Housing Development Agency will announce a partnership with the City of Oak Ridge to support the implementation of THDA’s Hardest Hit Fund Blight Elimination Program, or BEP, on Monday.

The announcement will be made by THDA Executive Director Ralph Perrey at 1:30 p.m. Monday, July 11. The announcement will be made in the Oak Ridge Municipal Building Courtroom, which is located at 200 South Tulane Avenue in Oak Ridge.

The Hardest Hit Fund Blight Elimination Program assists with the removal of blighted properties in targeted areas within Tennessee, a media advisory said. THDA works in partnership with approved program partners to strategically target residential single-family properties for demolition, site improvement, and acceptable reuse, the advisory said. [Read more…]

Filed Under: Front Page News, Government, Oak Ridge, State, Top Stories Tagged With: BEP, blighted houses, blighted properties, City of Oak Ridge, Hardest Hit Fund Blight Elimination Program, housing, Katie Moore, legacy homes, Mark Watson, Oak Ridge Land Bank Corporation, Oak Ridge Municipal Building Courtroom, Ralph M. Perrey, Tennessee Housing Development Agency, THDA, U.S. Department of Housing and Urban Development, Warren Gooch

Oak Ridge receives $500,000 housing grant

Posted at 5:54 pm June 7, 2016
By John Huotari Leave a Comment

Oak Ridge has received a $500,000 state housing grant from the Tennessee Housing Development Agency.

The city will use the THDA funds to renovate and weatherize 63 owner-occupied, single-family homes in the Manhattan District Overlay zone, a press release said.

The grant award will be presented to the City of Oak Ridge at 4 p.m. Wednesday, June 8, at 138 South Purdue Avenue in the Woodland neighborhood.

That property at the corner of South Purdue Avenue and Northwestern Avenue is the site of a recent project that is part of the city’s effort to renovate substandard houses. The City of Oak Ridge bought a blighted home there in April 2014 and demolished it in June 2014. [Read more…]

Filed Under: Front Page News, Government, Oak Ridge, State, Top Stories Tagged With: City Council, housing, housing grant, Katie Moore, Mark Watson, Oak Ridge, Ralph Perrey, renovations, South Purdue Avenue, Tennessee Housing Development Agency, Warren Gooch

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Classifieds

Public Notice: NNSA announces no significant impact of Y-12 Development Organization operations at Horizon Center

AVAILABILITY OF THE FINAL ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

ADFAC seeks contractors for five homes

Aid to Distressed Families of Appalachian Counties (ADFAC) is a non-profit community based agency, … [Read More...]

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