02-05-2025
Donors boost city efforts to build more affordable housing in Knoxville
KNOXVILLE, Tenn. (WATE) — The City of Knoxville continues to support local housing projects through its affordable rental development fund and is now getting a boost from private donors.
Councilmembers on Tuesday approved the allocation of funds towards three local developments.
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Over $500,000 from the affordable rental development fund will support the development of 10 affordable multi-family apartments at 2226 Parkview Avenue and 15 affordable units at 2501 Edgewood Avenue. The United Way of Greater Knoxville provided $570,000 in philanthropic funding for the Parkview Apartments and Edgewood Apartments.
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Several private donors have partnered with the city on the development of affordable housing including the Randy Boyd, the Haslam Family, Clayton Homes, and the Lawson Family Foundations.
Additionally, the City Council also authorized the awarding of $1 million of federal funds from the HOME American Rescue Plan Program to develop 18 apartments at 1585 Coleman Road to support youth who are aging out of foster care.
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