The Ten-Year Plan is working with a nonprofit developer, Southeastern Housing Foundation, to develop permanent supportive housing at the old Flenniken Elementary School.
Southeastern has just learned that their 2008 initial application for 9% Low-Income Housing Tax Credits did not score high enough to secure a reservation of tax credits to turn the old Flenniken Elementary School into 48 units of permanent supportive housing for people who are chronically homeless.
These tax credits are awarded by the Tennessee Housing Development Agency for projects that increase the supply of affordable housing. Competition for them is fierce.
Disappointing? Yes. It delays our efforts to better address the needs of some of our most vulnerable neighbors. Defeating? No way. Chronic homelessness is a big problem. There’s still plenty of work to do.