Jackson Housing Authority (JHA) is the key affordable housing provider in Jackson, a community of nearly 70,000 between Memphis and Nashville, TN. In the early 2000s, JHA retained the services of H-S firms Mobley & Associates, and Capital Needs Unlimited, to assist in transforming the JHA portfolio in type, size and affordability, as it entered the 21st century. JHA created a 501c3 non-profit development instrumentality — Tennessee Housing Development Corporation (THDC). Using a broad range of financial and operational strategies (including Low-Income Housing Tax Credits, Project-Based Vouchers, CFFP, and RAD), THDC developed 6 properties, some new construction and some rehab. Properties in the THDC portfolio include acquisitions from private owners and from JHA. JHA continues to operate 7 other PHA developments, looking to continue the transformation process.
Year: 2002 to present
Contributor: Dennis Mobley and Tom Nutt-Powell