Affordable Housing is a top priority for Mayor Indya Kincannon's administration. In Mayor Kincannon's first budget, for 2020-21, she appropriated $7.5 million to support affordable housing in Knoxville, including continuing the City’s investment of $2.5 million in the Affordable Rental Development Fund (ARDF) to support the creation of new affordable and workforce housing.
Mayor Kincannon's proposed
2021-22 Budget includes the creation of an
Affordable Housing Fund that commits a minimum of $5 million per year for the next 10 years to support the development of affordable housing. The proposal is to allocate $8 million in the first year, including $1.5 million for
permanent supportive housing.
Affordable housing also includes helping people buy and maintain their existing home. The City of Knoxville does that through the
Homemakers Program,
Owner-Occupied Home Rehabilitation,
other City programs and by supporting programs operated by community groups like the Knoxville Area Urban League.
Mayor Kincannon's investment in affordable housing builds on efforts of her predecessor, Mayor Madeline Rogero.
This article from September 2019 provides a comprehensive overview of the City’s investment in affordable housing projects and programs during Mayor Rogero’s term.
Below are affordable housing developments that have received funds from the City’s Affordable Rental Development Fund (ARDF), Knoxville's Affordable Housing Fund, and / or a combination of local funds and federal HUD (CDBG, HOME, HOME ARP) funds:
| COMPLETED PROJECTS |
1ST DISTRICT
Southside Flats
• 2727 Fort Stanley Way
• 172 affordable rental units
• Opened April 2020
• Elmington Capital Group
• $540,000 HOME
• $360,000 ARDF
Young High Flats
• 121 E. Young High Pike
• 156 affordable rental units
• Opened Nov. 2020
• Elmington Capital Group
• $1.3 million ARDF
2ND DISTRICT
Moss Grove Apartments
• 9304 Sapling Grove Way
• 192 affordable rental units
• Opened early 2022
• Elmington Capital Group
• $950,000 ARDF
Restoration House
• 2205 Village Pl Way
• 30 affordable rental units for single mothers
• Restoration House
• $180,000 ARDF
Flats at Pond Gap
• 817 Hollywood Rd.
• 102 affordable rental units
• Opened May 2021
• Elmington Capital Group
• $555,000 ARDF
3RD DISTRICT
Middlebrook Gardens
• 3720 Middlebrook Pike
• 10 units of supportive housing for military veterans
• Opened Oct. 2018
• Helen Ross McNabb
• $300,000 ARDF
The Cottages at Clifton Road
• Clifton Rd. NW
• 53 units for low-income seniors
• Opened Nov. 2019
• KCDC
• $1.2 million ARDF
5TH DISTRICT
Central Terrace
• 4502 Fennel Road
• 112 affordable 2- and 3-bedroom apartments
• Southeast Capital
• $2,065,000 ARDF with 30-year affordability period
• Opened Aug. 2024
Inskip Flats
• Inskip Drive and Elder Road
• 66 affordable rental units
• Inskip Flats, L.P.
• $1.98 million ARDF
• Opened September 2023
4TH DISTRICT
Dogwood Springs
• Mineral Springs Ave.
• 51 units of senior housing with access to McNabb services
• Opened July 2022
• $1.5 million ARDF
6TH DISTRICT
Dogan Gaither Flats
• 211 Jessamine
• 16 affordable rental units with support services for ex-offenders
• Opened March 2021
• 4th Purpose Foundation, Men of Valor
• $480,000 ARDF
Five Points Revitalization
• 2061 Bethel Ave.
• 373 affordable rental units
• Completed in 2020
• KCDC
• $13 million
The Village at Holston Court
• Holston Dr.
• 24 units of supportive housing for seniors and people with disabilities
• Homesource East Tennessee
• $100,000 of CDBG
• $325,000 in HOME
• $525,000 in HOME
• $380,000 ARDF
• Opened July 2020
Burlington Commons
• 4530 Holston Dr.
• 49 affordable rental units
• Southeast Capital
• $1.47 million ARDF
• Opened Nov. 2021
The Ammons at Asheville Highway
• 4625 Asheville Hwy
• 80 affordable rental units
• Southeast Capital, LLC
• $2 million ARDF for construction and a 30-year forgivable loan
• Opened April 2023
Caswell Manor
• 1501 E. Fifth Avenue
• 48 units of supportive housing for formerly homeless men and women
• Volunteer Ministry Center
• $1.44 million ARDF
• Opened May 2023
Liberty Place
• Liberty and Division streets
KCDC
• 32 affordable units for formerly homeless military veterans with on-site supportive services
• $500,000 ARDF
• Opened Jan. 2025
Riverside at Holston
• 2120 River Willow Way
• 96 affordable units; 48 two-bed two bath; 48 three-bed two bath
• DGA Residential
• $750,000 ARDF
• Opened April 2025
|
| UNDER CONSTRUCTION |
3RD DISTRICT
Callahan Flats
• 1511 Callahan Drive
• 30 affordable 2-3 bedroom rental units
• $900,000 ARDF and
• 58 one-bedroom units for people with disabilities
• $2.9 million HUD HOME ARP
Lumen Flats
• 1585 Coleman Road
• 18 units affordable permanent supportive housing for youth aging out of foster care
• Elmington Capital Group
• $1M HOME ARP funds
4TH DISTRICT
Edgewood Apartments
• 2501 Edgewood Avenue
• 15 studio units for households earning 80 percent AMI or lower
• Southeast Capital
• $360,000 Affordable Housing Fund
5TH DISTRICT
Grosvenor Square
• 3782 Decoration Way
• 184 affordable apartments: 12 one-bed,
one-bath units; 100 two-bed, two-bath units; and 72
three-bed two-bath units.
• DGA Residential
• $1.75 million ARDF; 40-year affordability period
The Village at Inskip
• 520 Inskip Village Way
• 98 affordable 2-, 3- and 4-bedroom units
• Hopeful Housing
• $1,440,000 ARDF
6TH DISTRICT
First Creek at Austin (formerly Austin Homes)
• 957 E Hill Ave.
• 438 affordable rental units
• KCDC
• Funding for infrastructure from the Knoxville Affordable Housing Fund
• Phase 1: $4.25 million
• Phase 2: $4.5 million
• Phase 3: $3.8 million
• Phase 4: $1.5 million from the ARDF for 161 units, including 50 permanent supportive housing units for seniors
Five Points Infill
• 10 affordable, 4-5 bedroom units each, on Ben Hur, Louise and Chestnut streets
• KCDC
• $300,000 ARDF
Transforming Western
• 1702 Reed Street
• KCDC
• $26.5 million over six years for infrastructure and housing (244 affordable units renovated, 196 affordable replacement units, 99 market-rate units), plus community center, park, Knoxville Arts Center, UT Medical clinic and KPD field office
The Village at Holston Place
• Holston Dr.
• 4 1-bedroom units for seniors and people with disabilities
• Homesource East Tennessee
• $450,000 in HOME
Parkview Apartments
• 2226 Parkview Avenue
• 8 studio units and 2 1-bedroom units for households earning 80 percent AMI or lower
• Southeast Capital
• $210,000 Affordable Housing Fund
|
| PLANNED PROJECTS |
1ST DISTRICT
Giffin School
• 1834 Beech Street
• 36 affordable units (77 total in project) for households with incomes less than 80 percent AMI for an affordability period of 30 years
• $1,059,400 ARDF
5TH DISTRICT
Riella on Fifth
• 525 W. Fifth Avenue
• 121 units of affordable housing
• DGA Residential
• $2.27 million
|