Tennessee Housing Development Agency has released a report stating that the state's supply of low-income subsidized housing, including Section 8 housing, is both aging and dwindling.
Most Section 8 housing in Tennessee was built more than 30 years ago, according to the report, and the THDA said that's a warning for what's coming down the road for these buildings.
"There are going to be some significant infrastructure investments that need to be made, whether it's an HVAC or a roof to make sure these properties stay safe sound and affordable," said Bettie Teasley Sulmers with THDA.
On top of building age, the report pointed out decreases in federal funding for subsidized housing, and an increasing risk that as building contracts end, they could be sold or re-developed into housing that's not specifically for low-income residents.
