Eastern Eight CDC

What Eastern Eight CDC does

Eastern Eight CDC is a 501(c)(3) nonprofit community development corporation founded in 1998 and headquartered in Johnson City, Tennessee. It serves low- and moderate-income (LMI) households and first-time homebuyers across an eight-county service area in Northeast Tennessee (Carter, Greene, Hancock, Hawkins, Johnson, Sullivan, Unicoi, and Washington counties). The organization's mission is delivered through an integrated housing continuum: credit coaching and financial counseling, homebuyer education, foreclosure prevention, mortgage and loan origination (via HomeWorks Community Lending), new home construction, affordable rental development (with property management outsourced to D&K Management), and disaster home repair assistance delivered in coordination with FEMA.

The operating model is grant-funded and mission-driven rather than commercial. Revenue is generated through a mix of federal, state, and local government grants (including HOME Investment Partnerships Program set-aside funding accessible through its CHDO certification), foundation grants, program service fees such as mortgage origination, and rental income. The organization holds Community Housing Development Organization (CHDO) certification, which is a regulatory prerequisite for accessing certain federal affordable-housing allocations and is a structural barrier to entry for competing CDCs in the region. It operates with 11–50 employees and does not raise equity, take on acquisition debt, or pursue commercial capital markets activity.

The technology stack is a standard nonprofit web platform (built by Pointech) used for marketing and program information rather than for AI-driven decisioning. No proprietary software, patents, AI/ML capabilities, or data products are disclosed. The website does not publish quantitative impact metrics — "Loans Made," "Homes Built," "Rentals Developed," and "Years Served" counters visible on the site are animated placeholders rather than verified totals. Leadership includes Executive Director Sherry Trent. No acquisitions, mergers, or capital structure events are present in the record.

Name

Eastern Eight CDC

Legal name

Eastern Eight Community Development Corporation

Website

https://e8cdc.org/about/staff/

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Eastern Eight CDC is a nonprofit organization that provides affordable housing, rehabilitates homes, rentals, and mortgage lending services.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Community Housing Services (62422)

SIC

Services-Social Services (8300)

akta.pro industry

PRIMARYBPAIANAA

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing)

Business & Public Services/Public Sector & Government Administration/Housing, Urban Planning & Community Development

SECONDARYBPAIACAJ

Housing & Neighborhood Services (Local Housing Programs)

Business & Public Services/Public Sector & Government Administration/Local/Municipal Government Administration

SECONDARYFSALAKAO

Community Development & Neighborhood Revitalization Housing Programs

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

SECONDARYFSALAKAM

Housing Counseling, Foreclosure Prevention & Loss Mitigation Programs

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

Keywords

• Affordable housing services
• Community development
• Homebuyer education
• Credit counseling
• Nonprofit housing

Headquarters

HQ city

Johnson City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Donations and Grants: Eastern Eight CDC operates as a 501(c)(3) nonprofit organization and accepts tax-deductible donations from the public. The organization also likely receives grant funding from government agencies and foundations to support affordable housing programs.
2. Program Services Revenue: Revenue generated through housing-related services including loan program fees (through HomeWorks Community Lending partnership), rental income from developed properties, and potentially fees for credit coaching or homebuyer education programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Eastern Eight CDC provides affordable housing solutions to low and moderate-income individuals and families in Northeast Tennessee. Core offerings include credit coaching, homebuyer education, mortgage lending through its subsidiary HomeWorks Community Lending, new home construction, rental housing, disaster home repairs, and foreclosure prevention counseling. The organization acts as a one-stop housing resource for residents of Carter, Greene, Hamblen, Hawkins, Johnson, Sullivan, Unicoi, and Washington counties.

Product overview

Eastern Eight CDC is a nonprofit organization offering a coordinated suite of affordable housing services focused on the eight counties of Northeast Tennessee. The core offering consists of Credit Coaching, Mortgage/Loan Programs (via HomeWorks Community Lending), New Home Construction, and Homebuyer Education, supported by Foreclosure Prevention Services, Financial Counseling, Rentals, and Disaster Home Repairs. These services are designed to guide low-to-moderate income families through the entire homeownership journey—from financial preparation through purchase and ongoing homeownership support.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Coaching Free credit coaching program that helps low and moderate-income individuals review their credit reports, dispute inaccuracies, and build a credit profile suitable for a future mortgage. Designed for prospective first-time homebuyers in the eight-county Northeast Tennessee service area.
• Homebuyer Education Classes that prepare prospective first-time homebuyers for the purchase process, covering budgeting, loan options, the closing process, and post-purchase responsibilities. Delivered to low and moderate-income residents of Northeast Tennessee.
• Mortgage Lending (HomeWorks Community Lending) Affordable mortgage products offered through the organization's HomeWorks Community Lending subsidiary (a CDFI). Available to clients who have completed credit coaching and homebuyer education, supporting low and moderate-income borrowers in Northeast Tennessee who cannot qualify for conventional financing.
• New Home Construction Construction of new affordable homes in the service area, typically built for sale to income-qualified buyers who have completed the organization's credit and education pathway.
• Rental Housing Affordable rental properties in Northeast Tennessee, with day-to-day property management handled by partner D&K Management. Targeted at low and moderate-income households who are not yet ready for homeownership.
• Disaster Home Repairs Repair services that restore habitability of owner-occupied homes damaged by events such as fallen trees, storms, or other weather incidents. Provided to low and moderate-income homeowners in the service area.
• Foreclosure Prevention Services Counseling for homeowners behind on mortgage payments or facing foreclosure, working with lenders on the borrower's behalf to explore workout options and keep families in their homes. Targeted at distressed homeowners in the eight-county service area.

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and supporting.

• HomeWorks Community LendingcoreChannel Partner/ Reseller/ DistributorHomeWorks Community Lending is a strategic partner that provides loan programs for Eastern Eight CDC clients. The partnership enables Eastern Eight to offer mortgage products to homebuyers they counsel and prepare. Their logo appears prominently on the Eastern Eight website, indicating a close working relationship.
• D&K ManagementsupportingChannel Partner/ Reseller/ DistributorD&K Management handles property management for Eastern Eight's rental properties. Located at 4463 N Roan St #20, Johnson City, TN 37615, they manage tenant relations and maintain the list of available rental units.
• FEMA (Federal Emergency Management Agency)supportingStrategic or Co-development PartnerEastern Eight participates in FEMA disaster recovery programs, providing disaster home repair assistance to residents of FEMA-declared disaster counties. This partnership enables targeted housing recovery support following natural disasters.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Habitat for Humanity of Northeast Tennessee: Local Habitat affiliate serving overlapping Northeast Tennessee counties with affordable home construction, repair, and homebuyer support. Directly comparable nonprofit model, customer base, and service mix.
• Knoxville Area Housing Partnership: East Tennessee nonprofit delivering homebuyer education, foreclosure prevention, and affordable lending to low/moderate-income families. Closest regional counterpart to Eastern Eight in mission and program design.
• Appalachian Service Project: Nonprofit serving Central and Southern Appalachia with home repair, new construction, and disaster recovery for low-income families. Direct peer in geography, customer segment, and disaster home repair offering.

Broad incumbents

• NeighborWorks America (Network): National network of 200+ community development nonprofits offering training, capital, and certification to local CDCs. Comparable in mission and program types but operates at national scale rather than single-region focus.
• Habitat for Humanity International: Global umbrella for local Habitat affiliates operating affordable home construction, repair, and financial education. Significantly larger but exercises comparable CHDO-like mission and customer segment.
• Tennessee Housing Development Agency: State housing finance agency administering federal housing programs, mortgage credit certificates, and development financing across Tennessee. Often a funding partner for CHDO organizations like Eastern Eight.
• Local Initiatives Support Corporation (LISC): National CDFI providing financing and capacity-building to local community development organizations. Comparable mission in affordable housing development and small-scale neighborhood revitalization.
• USDA Rural Development (Tennessee Office): Federal agency providing Section 502 direct home loans, repair loans/grants, and rental assistance in rural Tennessee counties. Overlaps in customer segment (rural low-income families) and product set (home repair, affordable lending).

Regional players

• Knoxville's Community Development Corporation (KCDC): Public housing authority operating across Knox County, Tennessee. Comparable affordable housing mission but operates in a different sub-region with broader public housing and Section 8 portfolio.
• HomeTrust Bank (formerly known as HomeTrust Banking): Community development-focused bank serving low/moderate-income markets in the Southeast. Not a nonprofit peer but adjacent as a regulated CDFI lender comparable to Eastern Eight's lending partner.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eastern Eight CDC