Maryville, TN – December 13, 2023 – The Maryville Housing Authority (MHA), in partnership with SmartBank, is pleased to announce the receipt of a $1 million grant from the Federal Home Loan Bank’s (FHLB) Affordable Housing Program. This substantial award will play a pivotal role in supporting MHA’s ongoing mission of providing a quality living environment that is safe and affordable for the Maryville community. SmartBank continues to stand as a dedicated financial partner for the MHA which owns and operates Maryville Towers, a 118-unit housing complex serving low-to-moderate income residents.
The FHLB’s Affordable Housing Program (AHP), is its largest and most impactful initiative and has been awarded over $895 million since 1990 to develop more than 109,000 affordable housing units. The FHLB has recognized the exemplary work of the Maryville Housing Authority in meeting the critical needs of the community.
Julie Sharpe, Executive Director of the Maryville Housing Authority, expressed gratitude for the support from FHLB and the continued partnership with SmartBank. “This $1 million grant is a significant milestone for us. It will allow us to amplify our efforts in providing secure and affordable housing options, ensuring that our community members have a place they can call home with dignity and pride.”
SmartBank, as a financial partner deeply rooted in community development, has been instrumental in facilitating the collaboration between the Maryville Housing Authority and the FHLB’s Affordable Housing Program.
Mike Honeycutt, Regional President of SmartBank, stated, “We are proud to stand alongside the Maryville Housing Authority as they receive this well-deserved grant from the FHLB’s Affordable Housing Program. Our commitment to community development goes hand in hand with our partnership with MHA. Together, we are working to create a positive impact on the lives of individuals and families in Maryville.”
The joint effort between SmartBank and the Maryville Housing Authority has already resulted in the successful financing of Maryville Towers, a beacon of affordable housing in the community. This additional $1 million grant will further empower the MHA to implement enhancements and improvements, ensuring that Maryville Towers continues to provide a safe and welcoming home for residents.
Don Roddy, Blount County Relationship Manager, said “I am truly honored to have collaborated with the Maryville Housing Authority on their transformative project. Our collective dedication and strategic efforts have not only strengthened the community but also garnered recognition and support. The $1 million grant from FHLB stands as a testament to our shared commitment to enhancing the lives of those we serve.”
The announcement comes at a time when affordable housing is a critical need in many communities, making the collaboration between the Maryville Housing Authority, SmartBank, and the FHLB’s Affordable Housing Program a shining example of public-private partnerships working towards a common goal.
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About SmartBank:
Founded in 2007, SmartBank is a full-service commercial bank providing banking, investment, insurance, and mortgage financial services, with forty-two branches spanning Tennessee, Alabama, and Florida. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have contributed to SmartBank’s success. For more information on SmartBank, visit www.smartbank.com.
About Maryville Housing Authority:
The mission of the Maryville Housing Authority is to provide a quality living environment for the qualified families of this community that is affordable and safe while promoting opportunities for economic development and family self-sufficiency without discrimination.
Chartered through the state of Tennessee in 1961, the Maryville Housing Authority is a non-profit agency governed by a five-member Board of Commissioners who the City Mayor of Maryville appoints. The day-to-day operations are managed by the executive director and a staff of twenty-three. For more information on Maryville Housing Authority, visit www.mhatn.com or contact Julie Sharpe, Executive Director at 865.983.4958.