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Bradley County dissolves down-payment assistance program, cancels remaining loans and redirects funds
Summary
The commission voted to end the Bradley County THDA H.O.U.S.E. down-payment assistance program effective July 1, 2025, cancel outstanding loan balances and authorize remaining funds for future housing projects consistent with THDA/HUD rules. The action was unanimous.
The Bradley County Commission adopted Resolution 2025-19 on June 16 to dissolve and discontinue the county’s Down-Payment Assistance THDA H.O.U.S.E. Program, cancel all remaining debt owed to the county through the program and allow remaining program funds to be used for future housing-related projects consistent with THDA and HUD requirements.
The resolution records a program fund balance of $161,586.21 as of April 30, 2025, and specifies the program will be dissolved effective July 1, 2025. The resolution also authorizes the county attorney to prepare releases of canceled loans upon citizens’ request.
Commissioner Cindy Slater moved the resolution and Commissioner Josh Rogers seconded. The roll-call vote was unanimous (13–0). County staff and the resolution text state the action will cease use of line item 175-11140 for the THDA program and repurpose any remaining funds for future housing projects in accordance with applicable state and federal rules.
The measure is administrative: it cancels remaining county-held loan claims tied to the program and repurposes the fund balance; it does not create a substitute program in this action. Any future housing initiatives using the funds would need to comply with THDA and HUD conditions, as noted in the resolution.
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