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A resolution to approve the First Amendment to a grant contract for constructing affordable housing approved by RS2024-709 between The Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Be a Helping Hand Foundation.
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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 Be a Helping Hand Foundation for the express purpose of constructing affordable housing approved by RS2024-709; and,
WHEREAS, the parties wish to amend this grant contract by extending the term of the contract for an additional twelve months and to increase the number of units; 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 Be a Helping Hand Foundation, 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 between the Metropolitan Housing Trust Fund Commission and Be a Helping Hand Foundation.
The grant contract, as approved by Metropolitan Council in Resolution No. RS2024-709, allocated $4,000,000 to construct 34 Barnes Fund units at 5050 Linbar Drive.
The proposed amendment would extend the term of the contract by 12 months, for a total contract term of 36 months.