Building Affordable Single Family Homes

Clinch-Powell Home Team has announced the creation of the Grainger County Homeownership Program, which will create more than forty new homes in the county over the next 8 years. The program will be funded through a generous gift from Betty Shirley of one million dollars. And with the help of federal, state, and local funds many families will benefit from this gift.

Participants in the program can qualify for loans with a rate as low as 0% interest.

The homes will be well-built and appraise for $90-120 thousand dollar range. Payments includeing taxes and insurance, can run as low as $350, depending on financing, price, the homeowners income and contribution. While the median sales price for a new home in Grainger County in 2007 was $200,000, which would require a minimum income of about $50,000 to afford.

The grainger county program will be available for families and individuals in Grainger County with incomes as low as $14,000, but witm acceptable credit and limited debt. For specific qualifications, interested families should contact the RC&D. Questions about the program should be directed to Chris Osborn or Lindy Turner at 865-828-5927

Interested in an application? Click Here

The Clinch-Powell Home Team is committed to increasing the number of affordable homes available to low-to-moderate income residents in our area. We are addressing this need by developing permanent single family homes.

To date, we have developed 20 homes and have several in progress. If you think you would like a custom-built home, please call us at 865-828-5927.

Five New Persia Woods Homes

We have five more homes completed in Persia, bringing the total number up to 13, and we have plans to build more. These homes are available to anyone, and certain qualifed buyers can receive up to $15,000 in downpayment assistance to qualify. Call us today at (865) 828-5927.

Even if you believe that this is out of your price range, our homebuyer counselors can help you find programs available to low income homebuyers.

Affordable Loan Products

The biggest part of buying a home is the financing, and Clinch-Powell RC&D can help. We work with USDA Rural housing Services to help low and moderate income families apply for low-interest loans. We work with local banks to help moderate income families apply for THDA low-interest loan products. Interest rates on these loans range from 6.5% to as low a 0%. Please contact us regarding the best financing options for you.

Renovation of current homes- The housing preservation loan program.

Many of the homes in our area are dilapitated and require serious work to repair problems that may be seen as a health hazard. The Clinch-Powell Home Team can help with low-interest renovation loans through a Housing and Preservation Grant from USDA Rural Housing Services and a Rural Housing and Economic Development Grant from HUD. The RC&D offers low-interest loans to eligible homeowners in Enterprise Community area. If you know someone that might qualify, please ask them to contact the RC&D office at 800-814-6355 or at cprcd@clinchpowell.net.

Clinch-Powell RC&D is a Fair Housing / Equal Opportunity Organization

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“All programs and assistance of the RC&D Council are available without regard to race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact the USDA’s TARGET Center at (202) 720-2600 (voice and TDD).”