The Overton County Commission approved an application Monday night for a $750,000 housing development grant to assist homeowners in the county.
Consultant Amanda Mainord said that the county applied for the grant last year but did not receive it. Mainord said the grant would require no matching payment from the county.
“It goes to help homeowner-occupied low-income, disabled, elderly, families who are in need of home renovations, or if their house is in a dilapidated condition, we can actually replace the home,” Mainord said. “It goes for mobile homes as well. If the mobile home is in such bad shape, we can replace that as well.”
Mainord said the grant could assist citizens living in any part of Overton County as long as they fulfill the other requirements. She said the grant would not be able to afford as many renovations as it has in the past due to recent inflation.
“The subsidy limit now is actually up to $234,000 that we can spend on a three-bedroom, two-bedroom home,” Mainord said. “You know, two years ago, you know, we were doing these for like $116,000. You know, five years ago I was building, you know, three-bedroom two-bathroom houses for, you know, $100,000.”
She said no rural community in middle Tennessee got any funding from this grant last year.