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Home Building & Renovation

Clinch-Powell Home Team works with its affiliated construction company to build modest single family homes.

Clinch-Powell generally builds homes between 800 and 1350 sq feet on modest size lots. We use high quality fixtures and flooring that makes our homes look like anything but affordable housing.

The 504 Home Improvement Loan program allows very low-income homeowners in rural areas to borrow money for critical home repairs and improvements. It is not a grant; people awarded this loan will still have to pay it back, in very fair terms, at 1% interest for 20 years. Payments in most cases are $5.00 per $1,000.00 borrowed, per month. Special terms are available for those rural citizens aged 62 years or older, and who fall under the qualification of very low-income.

To Qualify for this program you must:

  • Own and occupy the home (if it’s a mobile home, you must own the mobile home AND the land it’s on)
  • Home must be located in rural area (as designated by USDA)
  • Have a very-low household income (see area limits on the back of this letter)
  • Be a US citizen or meet eligible non-citizen requirements
    • May, 2014: Recent congressional action and adjustments in eligibility have qualified all of Morristown and Hamblen County for two more rural development loans that had previously been unavailable to those citizens.