Flood Recovery

In response to the May 2010 Flood, Nashville Area Habitat for Humanity is helping low and moderate income homeowners in Davidson and Dickson Counties. Our newest program, Critical Home Repair, assists homeowners by offering zero percent interest loans for home repairs and improvements necessary for restoring and maintaining safe and sound living conditions and home values. Additionally, flood victims who do not own a home may apply for the purchase of a new home in one of Nashville Area Habitat’s communities. Construction continues in Timberwood, and Park Preserve will begin this fall. Key requirements for each program are listed below:

Critical Home Repair

• Applicants must live in their single family home located in Davidson or Dickson County.
• The homeowner’s earnings must be less than 90% of area media income (AMI) ($58,680 for a family of four).
• Project costs, less any grant funding or sponsorship funds that may be available to homeowners, will need to be paid back by the homeowner monthly over a maximum of ten years through a no-interest loan which will be secured by the home.
• Homeowner will be required to prove that they live in the home, that it is insured and that they are not intending to sell the property at this time.

New Habitat home purchase

• Must have a reliable income.
• Must be a first time homebuyer. Exceptions are made for 2010 flood victims.
• Ability to qualify for approximately $450- $550 monthly mortgage.
• Reasonably good credit report.
• Must have lived or worked in Davidson or Dickson Counties for the past six months.