Housing Affordability Trust
Housing Affordability Trust is a private foundation based in Nashville, Tennessee. It provides financial support to eligible organizations carrying out housing-related services for charitable purposes.
Housing Affordability Trust at a glance
In short: Housing Affordability Trust gave $3.8M across 30 grants in 2024 (avg $128K), mostly in Alabama. 27% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,825,559
- +52.2% vs 2023
- Grants made (2024)
- 30
- +57.9% vs 2023
- Average grant
- $127,519
- -3.6% vs 2023
- Median grant
- $100,000
- Total assets
- $53,672,589
- -6.0% vs 2023
- New grantees (estimate)
- 27% first-time grantees (8 of 30, 2024)
- Primary geography
- Alabama (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Housing Affordability Trust
- How to Apply
-
Applications should be submitted through the Trust’s website. The filing states that awards have no restrictions and that the Trust does not limit giving to preselected organizations. The website says applications open April 1, 2027.
- Review Cycle
- April 30.
- Deadline
- April 30.
- Contact
Application contact: Chuck Hughes
Mailing address: 1033 Demonbreun St Ste 300, Nashville, TN 37203
Phone: (615) 271-2172
Website: https://housingaffordabilitytrust.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Housing Affordability Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Jefferson County Housing Authority ($834K). Together the top 10 received $2.7M.
Grant Size Distribution
128 grants across all recorded years
The most common grant size was in the $100–250K range: 39 grants of 128 (30%).
Geographic Focus
Where this funder awards grants
All 2024 grant dollars went to recipients in Alabama; the listed recipient-state share for California was 0%.
Grant Distribution by State
Share of 2024 grant dollars across all 30 itemized grants.
States
Cities
Is Housing Affordability Trust open to new grantees?
27%
first-time grantees, 2024
In 2024, 8 of 30 grantees (27%) were first-time recipients. First grants averaged $99K; repeat grants $138K. How we count
Medians: $100K first-time, $93K repeat.
- 53% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 128% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.5M (2023) to $4.7M (2022). In 2024 it made 30 grants totaling $3.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jefferson County Housing Authority Birmingham, AL | Discretionary | $834,223 |
| United Way of Central Alabama Birmingham, AL | Discretionary | $318,200 |
| Grace House Ministries Fairfield, AL | Discretionary | $251,204 |
| Greater Alabama Habitat Fairfield, AL | Discretionary | $250,000 |
| The Lovelady Center Birmingham, AL | Discretionary | $239,965 |
| Girls Inc of Central Alabama Birmingham, AL | Discretionary | $177,387 |
| Hispanic Interest Coalition of Alabama Birmingham, AL | Discretionary | $177,339 |
| Bessemer Redevelopment Corp Bessemer, AL | Discretionary | $169,487 |
| Downtown Jimmie Hale Mission Birmingham, AL | Discretionary | $125,000 |
| East Lake Initiative Birmingham, AL | Discretionary | $118,334 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $53,672,589 | $1,543,553 | $4,979,046 | $3,825,559 | 30 | $3,825,559 | $706,958 | $2,982,197 |
| 2023 | $57,108,082 | $14,269,048 | $3,299,781 | $2,514,208 | 19 | $2,514,208 | $13,483,475 | $2,530,789 |
| 2022 | $46,138,815 | $-450,199 | $5,463,048 | $4,721,811 | 27 | $4,721,811 | — | $2,508,783 |
| 2021 | $52,052,062 | $6,258,607 | $5,735,938 | $4,585,140 | 26 | $4,585,140 | $5,127,954 | $2,729,100 |
| 2020 | $51,529,393 | $2,833,677 | $7,133,283 | $4,207,613 | 26 | — | $189,105 | $2,961,199 |
Under IRS private-foundation payout rules, Housing Affordability Trust reported a distributable amount of $3.0M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Trust’s stated mission is to help charities, empower families, improve housing, and build healthy communities. It supports eligible organizations providing housing and housing-related services for charitable purposes.
Its 2024 grantees illustrate a range of organizations receiving support. United Way of Central Alabama describes its mission as increasing people’s organized capacity to care for one another and improve their community. Grace House Ministries says it provides a stable Christian home for girls from crisis backgrounds, while Downtown Jimmie Hale Mission describes its work as furnishing food, lodging, and assistance to people in need. These are the grantees’ stated missions, not the Trust’s.
Grantmaking
In 2024, the Trust made 30 grants totaling $3,825,559. Awards ranged from $985 to $834,223, with a median grant of $100,000. Among the largest were $834,223 to Jefferson County Housing Authority, $318,200 to United Way of Central Alabama, $251,204 to Grace House Ministries, $250,000 to Greater Alabama Habitat, and $239,965 to The Lovelady Center. The listed purposes for these grants were “Discretionary.”
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Synovus Trust Company NA as trustee. The Trust Advisory Board members listed are Sam Parker, Michael Davis, Hugo Isom, and Perry Shuttlesworth.
Housing Affordability Trust's 2024 filing lists 5 officers; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Synovus Trust Company NA
Trustee
On filings since 2020
40 hrs/week
$223K (2020) → $238K (2024)
Hugo Isom
Trust Advisory Board
On filings since 2020
1 hr/week
No compensation reported
Michael Davis
Trust Advisory Board
On filings since 2020
1 hr/week
No compensation reported
Perry Shuttlesworth
Trust Advisory Board
On filings since 2020
1 hr/week
No compensation reported
Sam Parker
Trust Advisory Board
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $238K, to Synovus Trust Company NA (Trustee).
Frequently asked questions about Housing Affordability Trust
How much does Housing Affordability Trust give each year?
Housing Affordability Trust gave $3.8M across 30 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.5M across 19 grants.
What is Housing Affordability Trust's typical grant size?
Housing Affordability Trust's median grant in 2024 was $100,000, and its average grant was $127,519, across 30 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Housing Affordability Trust that year got $99K on average.
Where does Housing Affordability Trust give grants?
Housing Affordability Trust gives mostly in Alabama: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Birmingham, AL (18 grants), Fairfield, AL (4 grants) and Bessemer, AL (2 grants).
Does Housing Affordability Trust give general operating support?
Not in 2024: none of the 30 grants with a stated purpose on Housing Affordability Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Discretionary" (30 grants).
Who are Housing Affordability Trust's largest grantees?
Housing Affordability Trust's largest 2024 grantees include Jefferson County Housing Authority ($834,223), United Way of Central Alabama ($318,200) and Grace House Ministries ($251,204), according to its 2024 IRS Form 990-PF. Together they received 37% of its itemized 2024 grant dollars.
How large is Housing Affordability Trust?
Housing Affordability Trust reported $53.7M in total assets on its 2024 IRS Form 990-PF. It paid out $3.8M in qualifying distributions that year, against a required minimum of $3.0M (roughly 5% of its investment assets).
What does Housing Affordability Trust fund?
The Trust’s stated mission is to help charities, empower families, improve housing, and build healthy communities. It supports eligible organizations providing housing and housing-related services for charitable purposes. See mission & focus areas ↑
How do I apply for a grant from Housing Affordability Trust?
Applications should be submitted through the Trust’s website. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Housing Affordability Trust's EIN?
Housing Affordability Trust's EIN (Employer Identification Number) is 46-1003393. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Housing Affordability Trust's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Housing Affordability Trust funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/housing-affordability-trust-morg_1d344f18d1214adbbfbc309e3d4c1f62
BibTeX
@misc{grantable_461003393_2026,
author = {{Grantable}},
title = {{Housing Affordability Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/housing-affordability-trust-morg_1d344f18d1214adbbfbc309e3d4c1f62},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Housing Affordability Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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