Representative Doug Overbey (R-Maryville) announced this week that the Foothills Community Development Corporation, an agency which builds affordable homes and assists Blount Countians in acquiring affordable housing, has been awarded a $90,000 SHOP grant from the Housing Assistance Council. This is the second such grant that HAC has awarded Foothills Community Development Corporation in the past two years. The grants total $135,000,
“I want to congratulate the Foothills CDC on this wonderful news,” Overbey said, in a press release. “This grant will provide the people of Blount County with assistance in acquiring affordable housing.”
Foothills Community Development Corporation will use the grant funds to acquire a tract of land off Grandview Avenue in Maryville. This subdivision will support lots for 10 to 11 new homes. The preliminary plan for this development was approved by the Regional Planning Commission at the monthly meeting on January 22. Foothills Community Development Corporation will develop, design and construct homes for qualified local residents.
“It is no secret that affordable land is at a premium in Blount County” remarked Kelly Spears, Executive Director of FCDC. “This grant helps us solve one of the issues. Now we need more families who are ready to become homeowners.”
Since starting operations in 2004, FCDC has constructed 10 homes, renovated 2 homes and has 3 homes in the final phases of construction. Additionally, they have provided funds for down payment and closing costs to assist 30 families in becoming homeowners in Blount County. Application Information is available at 865-982-8692, ext. 234.
The grant was awarded to FCDC by the Housing Assistance Council using funds from the Fannie Mae Foundation, the nation’s largest foundation that is devoted to increasing the number of affordable homes for people who need them the most. Founded in 1971, the Housing Assistance Council is a national nonprofit corporation headquartered in Washington, D.C. that helps local organizations build affordable homes in rural America by providing below-market financing, technical assistance, research, training, and information services. HAC’s programs focus on local solutions, empowerment of the poor, reduced dependency, and self-help. HAC is an equal opportunity lender.