Mayor Directs Nearly $10 Million For Affordable Housing Grants
Andrea Fanta, Andrea.Fanta@nashville.gov
Seven Housing Groups Receive Barnes Funding to Support Nashville Families
Mayor John Cooper has directed nearly $10 million in affordable housing dollars to create 335 affordable housing units and preserve another 90 for Nashville families.
Seven local organizations will use Barnes Fund grants to provide homes and rental units to local families and residents.
The $9,407,278 grant round follows Mayor Cooper’s strategy for fiscal year 2022, which supports a tripling of city dollars dedicated to affordable housing.
“We know Nashville’s affordable housing needs are urgent, and we know solving this problem requires an all-hands-on-deck approach,” Mayor Cooper said.
The mayor’s proposed budget – now before Metro Council – includes more than $30 million in investments for:
- the Barnes Fund for Affordable Housing
- a new Catalyst Housing fund, which will allow the city to act quickly to preserve affordable housing units
- a payment in lieu of taxes program to incentivize private-sector participation in affordable housing development
- the creation of affordable housing on Metro-owned land on 24th Ave. N.
The latest round of Barnes grants – boosted by a $250,000 private-public partnership with the Regions Foundation – will go to:
Affordable Housing Resources
To complete the Lanier Park Townhomes, located near Neelys Bend Road in Madison, for 31 first-time home buyers and seniors looking to downsize.
Be A Helping Hand Foundation
To develop two, four-bedroom rental units for women and children.
Habitat for Humanity
To support a new development near Brick Church Pike in North Nashville, which will provide homes for 32 families.
Mending Hearts, Inc.
To provide transitional living and wraparound services for eight women in the community.
Samaritan Recovery Community
To create 195 new units in a mixed-income community on South Fourth Street and Shelby Avenue.
Urban Housing Solutions
To redevelop Mercury Courts on Murfreesboro Pike into a mixed-income, transit-oriented community anchor and spur additional redevelopment there.
Woodbine Community Organization
To build 67 new units for local neighbors on 40th Ave. N. in West Nashville and Elysian Fields Road in South Nashville.
Learn more about Mayor Cooper’s affordable housing strategy and about the Barnes Fund.