FOR IMMEDIATE RELEASE
Michael Natelli , The Housing Fund – (615) 578-9456
THE HOUSING FUND COMMITS $1.028M IN GRANT DOLLARS TO HABITAT FOR HUMANITY OF GREATER NASHVILLE’S SHERWOOD COMMONS DEVELOPMENT
NASHVILLE, TN,October 29, 2021– The Housing Fund has awarded Habitat for Humanity of Greater Nashville $1.028M to put towards the construction of new homeownership units. The grant will be going towards new Sherwood Commons project, the first townhome community by Habitat for Humanity of Greater Nashville, which started construction in Spring of 2021.
“We couldn’t be more excited to help fund the creation of these 26 units in North Nashville,” said Marshall Crawford, CEO and President of The Housing Fund. “As home prices continue to soar across the city, the creation of affordable ownership options for not just individuals, but families, has never been more critical.”
The project will include 26 two- and three-bedroom contemporary townhomes, which will be approximately 1200 square feet in size. The units will be located at the intersection of Ewing Drive
and Gwynnwood Drive in North Nashville.
“Sherwood Commons is an excellent opportunity for Habitat of Greater Nashville to offer its same construction excellence in a different affordable homeownership product that might be of interest to hardworking men and women in our community who don’t want the maintenance of a yard and who like the proximity to downtown and a major Interstate,” said Danny Herron, president and CEO of Habitat of Greater Nashville, in a press release.
Habitat will be awarded the grant during a check presentation at the organization’s Build Day on Sunday, October 31, at 3022 Aldrich Lane, Nashville TN 37207.
About The Housing Fund
Since its incorporation in 1996, The Housing Fund has assisted over 3,700 first time homebuyers receive over $27 million in down payment assistance loans, as well as provided more than $52 million in financing to assist individuals and organizations purchase, rehabilitate, or construct homes for low- and moderate-income families. THF has lent over $80 million, which has leveraged over $440 million in private financing for more than 5,700 units.
About Habitat for Humanity of Greater Nashville
Habitat for Humanity of Greater Nashville builds new, quality, affordable homes for hardworking men and women in a four county area: Davidson, Wilson, Cheatham, and Dickson counties.