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THDA approves NHTF extensions for Espero Chattanooga and Redbud Village projects
Summary
The board approved a second National Housing Trust Fund extension for the AIM Center's Espero Chattanooga (65% complete) and a first extension and reservation of funds for Highlands Residential Services' 20-unit Redbud Village in Cookeville.
THDA approved two National Housing Trust Fund (NHTF) extension requests: a second extension for the AIM Center's Espero Chattanooga development and a first extension/reservation of funds for Highlands Residential Services' Redbud Village.
Don Watt, THDA Chief Programs Officer, presented the requests. Anna Protana-Biggs, president and CEO of the AIM Center, reported Espero Chattanooga is 65% complete and construction should finish within six months; the Board approved the second extension on a motion by Treasurer David Lillard with a second by Dan Springer. The Board also approved the first extension and reservation of funds for the Redbud Village, a 20‑unit project in Cookeville, on a motion by Treasurer Lillard and second by Micheal Miller.
Minutes note these are extension approvals; implementation and any further conditions are in each project's memo and the board packet.
