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A resolution to approve the First Amendment to a grant contract for constructing affordable housing approved by RS2022-1443 between The Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Rebuilding Together Nashville.
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WHEREAS, The Metropolitan Government of Nashville and Davidson County (“Metro”), acting by and through the Metropolitan Housing Trust Fund Commission, previously entered into a grant contract with Rebuilding Together Nashville for the express purpose of constructing affordable housing approved by RS2022-1443;
WHEREAS, the parties wish to amend this grant contract by redefining the scope of the program. Rebuilding Together Nashville will rehabilitate 87 affordable, owner-occupied single-family and two-family home units. A copy of which amendment is attached hereto and incorporated herein; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that the amendment to the grant contract be approved.
NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That this First Amendment to the grant contract for constructing affordable housing between The Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Rebuilding Together Nashville, a copy of which is attached hereto and incorporated herein, is hereby approved, and the Metropolitan Mayor is hereby authorized to execute the same.
Section 2. That this resolution shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution approves the first amendment to a grant contract with Rebuilding Together Nashville for the construction of affordable housing approved by Resolution No. RS2022-1443 (Exhibit N to RS2022-1443).
The Rebuilding Together Nashville grant agreement was one of many that the Metropolitan Housing Trust Fund previously executed pursuant to Resolution No. RS2022-1443. This grant provided $1,849,173 for the rehabilitation of 87 affordable single-family homes.
The amendment under consideration amends the scope of the program approved by RS2022-1443 to expand the scope of the 87 affordable single-family homes to instead state 87 owner-occupied single-family and two-family home units. No other changes will be made to the grant contract.