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Commission funds owner-occupied rehab awards and reserves FY'27 unobligated funds for a small rehab round

Housing Trust Fund Commission · July 28, 2026
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Summary

The commission approved owner-occupied rehab awards for Round 16 (just over $1.5M) and agreed to reserve roughly $1.28M of unobligated FY27 funds for a potential small rehab round next spring, addressing concerns raised by contractors and nonprofits.

Staff recommended fully funding the owner-occupied rehab applicants listed for FY26 (about $1.5 million) and reserving unobligated FY27 funds for a future small rehab round. Commissioners approved the awards and instructed staff to monitor progress on current grantees before releasing reserved FY27 rehab funds.

Public comment at the start of the meeting underlined the operational impact of changing funding cadence. Andrea Prince of Rebuilding Together Nashville told the commission that many organizations budget and structure proposals assuming an annual funding opportunity: "for us and for owner for rebuilding together an owner occupied rehab, we really kind of structure, our budget and our proposals, based on believing that every year we're gonna have the opportunity to apply for funds." Commissioners and staff acknowledged that reserving a small rehab round in spring could address those concerns while preserving larger project funding.