If you live in Knoxville, Tennessee you might be eligible for a new forgivable home improvement loan initiative called the “My Front Yard” program. The offering gives qualified applicants up to $4,999 in home improvement loans that don’t have to be paid back if all the requirements are met. As we’ve noted before, Tennessee home improvements and loan applications are still on the rise while much of the country is seeing a decline in overall home improvement projects.
Tennessee’s population is exploding with more people moving into the state each year, raising home values and changing the financial housing map of the Volunteer State. Many residents of Tennessee have found themselves unable to move to new homes in the state because they can’t afford the rising mortgage costs brought on by the increased demand in housing and Tennessee real estate, so more and more Tennessee residents are improving their existing homes by taking out Tennessee home improvement loans and financing their home improvement costs.