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The City of Franklin, via the Housing Commission and the Board of Mayor and Aldermen, continues to develop a multi-faceted incentive program designed to address the shortage of affordable housing in the community. To learn more about why housing is an important issue facing our community, view the presentation “Why Housing Matters

In 2008, Franklin became an entitlement community eligible for Community Development Block Grant funds through HUD. The City developed its Consolidated Plan [ZIP] and is working towards completing its Citizen Participation Plan as part of the HUD requirements.

If you are a Franklin utility bill customer, you can help support our community’s housing initiatives by signing up for the Franklin Roundup Program. This Program allows residents to roundup their utility bills to the nearest dollar with the extra change going to assist first time home buyers and help working class families defray the costs of buying a home in Franklin. Together, a little change can go a long way.

Affordable Housing

Affordable housing is a broad term used to describe housing for families equal to no more than 30 percent of their gross annual household income. The U.S. Department of Housing and Urban Development(HUD) breaks down “affordable housing” into different categories: low-income, moderate-income, workforce housing.

Low-Income Housing

Low-Income Housing means housing that is affordable, according to the U.S. Department of Housing and Urban Development, for either home ownership or rental, and that is occupied, reserved, or marketed for occupancy by households with a gross family income that does not exceed 50 percent of the median gross family income for households of the same size within the Nashville - Davidson - Murfreesboro - Franklin, Tennessee MSA as established in the schedule published annually by HUD.

Moderate-Income Housing

Moderate-Income Housing means housing that is affordable, according to the U.S. Department of Housing and Urban Development, for either home ownership or rental, and that is occupied, reserved, or marketed for occupancy by households with a gross family income that is greater than 50 percent but does not exceed 80 percent of the median gross family income for households of the same size within the Nashville - Davidson - Murfreesboro - Franklin, Tennessee MSA as established in the schedule published annually by HUD.

Workforce Housing

Workforce Housing means housing that is affordable, according to the U.S. Department of Housing and Urban Development, for either home ownership or rental, and that is occupied, reserved, or marketed for occupancy by households with a gross family income that is greater than 80 percent but does not exceed 150 percent of the median gross family income for households of the same size within the Nashville - Davidson - Murfreesboro - Franklin, Tennessee MSA as established in the schedule published annually by HUD.

Fair Housing

The Fair Housing Act ensures that all Americans have equal access to the housing of their choice. For information on the Fair Housing Act, you can contact the City's Housing Development Coordinator at 615-550-6608 or Federal U.S Department of Housing and Urban Development (HUD) at 800-440-8091.

 

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Last updated: 4/23/2014 2:24:26 PM