Homesource east tennessee

About This Building

Our Commitment to Affordable Housing Affordable Housing with Income Restrictions At HomeSource East Tennessee, we strive to provide affordable housing options for individuals in the East Tennessee region. However, it's important to clarify that we are not income-based housing. Instead, we have income restrictions in place, ensuring that the annual income of our tenants does not exceed 80% of the median income. Our Mission: Strengthening Communities through Sustainable Housing As a nonprofit organization, our mission is to strengthen our communities by offering sustainable housing opportunities. We aim to accomplish this mission through various initiatives: 1. Financial Education for Potential Homeowners and Tenants One of our key initiatives is providing straightforward education to potential homeowners and tenants. We emphasize the importance of sound financial management, personal decision making, credit and debt management, personal responsibility, as well as the responsibilities associated with renting or homeownership. 2. Foreclosure Prevention Counseling For individuals struggling with mortgage payments and seeking alternatives to foreclosure, we offer foreclosure prevention counseling. Our professionally trained housing counselors provide more than just financial guidance; they also offer hope and support without judgment, rejection, guilt, or shame. 3. Developing Housing for Those Who Don't Qualify Otherwise We actively develop new apartments and single-family homes to cater to individuals, families, and seniors who may not qualify for housing elsewhere. By expanding housing options, we strive to create opportunities for those who might otherwise be excluded. 4. Thriving through Affordable Sustainable Housing Our primary goal is to help individuals and families thrive by providing affordable and sustainable homeownership or rental housing. We believe that everyone deserves the chance to raise their children in clean, stable environments within positive and healthy communities. 5. Quality Independent Living for Seniors We also focus on offering affordable rental opportunities specifically designed for seniors. These housing options enable seniors to enjoy quality independent living in peaceful settings. 6. Revitalizing Neighborhoods through Housing Improvements Lastly, we contribute to neighborhood revitalization by improving existing housing or constructing new affordable housing. Our efforts aim to enhance the overall quality of life in the communities we serve. In summary, HomeSource East Tennessee is dedicated to providing affordable housing solutions and building stronger communities. By offering education, foreclosure prevention counseling, diverse housing options, and revitalization projects, we strive to support individuals and families in achieving long-term stability and thriving in their environments.