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THDA update: state appropriates funds for first time in 30 years; Treasury reviewing pandemic aid
Summary
Executive Director Ralph Perrey told the board that the state made its first direct appropriation to THDA in three decades and that the U.S. Treasury is examining possible fraud in COVID-era rent and homeowner assistance programs.
During his report to the Board, Executive Director Ralph M. Perrey said the state is making a direct appropriation to the Tennessee Housing Development Agency for the first time in 30 years. He did not specify the appropriation amount during the meeting summary included in the board packet.
Perrey also said the U.S. Treasury Department is looking into potential fraud in COVID-era rent assistance and homeowner assistance programs. The Board did not take formal action on those items at the May meeting; staff flagged them as items of ongoing attention.
