Affordable Housing of Nashville/Affordable Housing Resources Inc
615-251-0025
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50 Vantage Way Suite 107
Nashville, TN 37228
Organization Details

Programs

Budget
$554,042.00
Description
The Home Company builds award-winning single-family homes, condos and townhomes that are affordable to low- to moderate-income families. The Home Company's development projects, like the Row 8.9 rowhouses (located across the street from the Farmers Market in downtown Nashville), have been instrumental in revitalizing neighborhoods and have received national acclaim.
Program Areas Served
None
Budget
$205,361.00
Description
AHR's HomeOwnership Center teaches prospective first-time homebuyers the tools to succeed as homeowners. The 8-hour classes cover pre-purchase how-to's like assessing buying power and avoiding predatory loans, as well as post-purchase information such as the importance of home maintenance and budgeting. Because classes are offered free-of-charge to participants, Homebuyer Education is one of AHR's main funding needs.
Program Areas Served
None
Budget
$432,753.00
Description
AHR's HomeOwnership Center provides low-interest mortgage loans and down-payment and closing cost assistance to families earning less than 80% of the area median income to help them achieve their dream of homeownership.
Program Areas Served
None
Budget
$285,000.00
Description
AHR is teaming up with the North Nashville community to offer the Neighborhood Rehab Partnership (NRP). The NRP is a community-led, volunteer-driven program to impact North Nashville neighborhoods by preserving the homes of low- and very low-income elderly and disabled homeowners. The NRP will empower residents of North Nashville to achieve greater quality of life and accomplish key revitalization goals for their community.
Program Areas Served
None
Budget
$160,000.00
Description
AHR is responding to the current foreclosure crisis by providing HUD- and NeighborWorks America-Certified foreclosure prevention counseling and loss mitigation services. AHR's staff is working with homeowners and lenders to resolve delinquencies and keep families in their homes.
Program Areas Served
None

CEO/Executive Director/Board Comments

AHR's clients come by word of mouth, lender referral. The fact that our client base increases each year shows our clients are more than satisfied with our product and integrity. Our partners working with us show that we have a solid base in the Middle Tennessee area. The fact that our partnership base continues to grow signifies that they are pleased with our production, quality, and with their returns. AHR's housing development has had a major impact in some of Nashville's poorest communities and has received national attention. In 2008, AHR was the 8th largest producer of affordable homebuyers in the nation.