The Acquisition of Real Property (APR) Program provides available Community Development Block Grant (CDBG) funding to assist eligible not-for-profit agencies purchase of real property inside the City of Murfreesboro to provide housing for low-income residents of the City.
The program has two components:
1) Acquisition of real property for redevelopment of single-family housing for resale;
2) Acquisition of real property to be used as affordable rental housing for low income residents.
Notice of Funding Available - Acquisition of Rental Property
The Community Development Department has budgeted $406,000 for the 2018-19 program year to assist nonprofit agencies purchase housing stock inside the City of Murfreesboro to be used as affordable rental property for low-income households or to purchase land for constructing new housing. Agencies wishing to participate in the Acquisition of Real Property Program must submit a letter of interest and qualifications to the Community Development Department. All funds allocated for the 2018-19 program year have been committed. A Notice of Funding Available for the program year beginning July 1, 2019, will be issued in April 2019.