Permanent and Supportive Housing
In August 2012, we received HUD McKinney Vento Homeless funds to provide 40 leasing units to the most vulnerable people with disabilities who are chronically homeless.
We provide fiscal management and compliance of the grant agreement, act as Housing Coordinator for the program and secure master leases through existing market rate apartment complexes.
This project is part of the 100,000 Homes Campaigns whose goal is to identify and house 100 of the most vulnerable homeless citizens. The campaign is headed by Community Alliance for the Homeless (CAFTH) and includes additional support services through a grant from Shelby County Government for wrap around services.
Affordable Housing
We are very happy to report that we have secured funds to complete units, both rehabilitated and new construction.
Under THDA’s NSP and City CHDO programs we have purchased residential properties, demolished the existing abandoned/dilapidated structures and constructed new single family rental housing.
We have taken steps to address an urgent and immediate need in this community: address abandonment, eliminate blight and reduce deterioration. It their stead, we have provided safe, affordable, and quality permanent rental housing for a neighborhood in dire need.
Other Programs
PROMISE has been the general partner for the 117 unit Low Income Housing Tax Credit (LIHTC) project known as April Woods Apartments since February 2010. When PROMISE assumed the general partner role, only 58% of the complex was leased.
PROMISE worked with the leasing agency get the lease up rate to 97%. In addition to affordable housing, PROMISE provides programs to the low-income residents of the community including those who will reside in the affordable housing. PROMISE works to promote economic development; improve community involvement; and provides activities to help increase the income and financial stability of the residents.
The current programs offered by PROMISE are focused primarily on the education of the community. These programs are staffed by volunteers and led by Board members who possess expertise in these areas. Programs include crime prevention education, pregnancy and prenatal care education, financial literacy classes, and classes surrounding issues of empowerment.
Tenants are offered in-home life skills instruction as many need to learn the skills associated with managing a household. The agency, through its Board, provides direct client services including helping tenants obtain needed benefits through the Earn Benefits program designed to connect low-income wage earners to public and private benefits.
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