Oak Ridge Housing Authority completes $40M affordable housing project

The Oak Ridge Housing Authority and the Tennessee Housing Development Agency completed the rehabilitation of 70 public housing units as part of the Oak Ridge Preservation Project. This redevelopment effort, valued at over $40 million, also includes the construction of 104 new affordable housing units in the Scarboro community. The rehabilitation work included upgrades to roofs, HVAC systems, and kitchens, and the project received financial support through low-income housing tax credits from the Tennessee Housing Development Agency.

The initiative modernizes housing stock that had gone decades without major upgrades due to funding limitations. The project demonstrates state financial support for affordable housing development through the use of low-income housing tax credits.