THDA, Oak Ridge Housing Authority Celebrate Preservation Projects
November 9, 2026, 4:19 p.m.
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Oak Ridge Housing Authority celebrates the Oak Ridge Preservation Project; image submitted |
OAK RIDGE, TN — On Thursday, November 5, the Tennessee Housing Development Agency (THDA) joined Oak Ridge Housing Authority (ORHA) to celebrate the Oak Ridge Preservation Project.
The multi-site rehabilitation project holds 70 public housing units. The development was financed in part through low-income housing tax credits (LIHTC) awarded by THDA.
“THDA is proud to support Oak Ridge Housing Authority in the rehabilitation of various affordable housing units, a project that will help to preserve affordable housing opportunities in Oak Ridge while also investing in the community’s future,” said THDA Executive Director Ralph M. Perrey.
Each rehabilitation project will include updates such as new HVAC systems, roof replacement, flooring upgrades and aesthetic enhancements within each unit, as well as renovations to site amenities that will help preserve affordable housing and improve quality of life for residents. In addition, ORHA will continue its’ partnership with Ridgeview Behavioral Health Services to provide mental and behavioral health services to its residents through their Peer Support Center located at the Joel Lane property.
“These tax credit awards represent a vital investment in the preservation and revitalization of Oak Ridge housing,” said ORHA Executive Director Maria Catron. “By supporting these rehabilitation projects, we can provide quality, affordable housing for our residents while preserving community assets for generations to come.”
The LIHTC program is the nation’s single largest federal resource for affordable housing development, awarding federal tax credits to housing developers, who use them to attract private investment and secure financing for affordable housing projects. Investors can claim the credits for a 10-year period, while the developments provide long-term affordable housing options for low-income individuals and families.
THDA is the state’s housing financing agency and works to promote the production, preservation and rehabilitation of affordable housing for very low-, low- and moderate-income families and individuals across Tennessee. For more information on THDA’s programs, visit thda.org.
