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A resolution authorizing grants not exceeding $6,328,415.10 from the Barnes Fund for Affordable Housing to fund a previously expired grant to certain nonprofits for the express purpose of constructing and rehabilitating affordable or workforce housing.
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WHEREAS, Section 7-3-314 of the Tennessee Code Annotated states that metropolitan forms of government may provide financial assistance to a nonprofit organization in accordance with the guidelines of the Metropolitan Government; and,
WHEREAS, Section 5.04.070 of the Metropolitan Code of Laws provides that the Metropolitan Council may by Resolution appropriate funds for the financial aid of nonprofit organizations; and,
WHEREAS, pursuant to the regulations and procedures of the Metropolitan Housing Trust Fund Commission, the Metropolitan Trust Fund Commission voted to redistribute the unexpended funds to various non-profit organizations whose grant contracts had previously expired; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that these grant contracts be approved.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. There is hereby appropriated $6,328,415.10 from the Barnes Fund for Affordable Housing to fund a previously expired grant to the following nonprofit organizations as follows:
Nonprofit
Amount
Project Type
# of Barnes Fund Homes
Council District
Exhibit
Originally Approved Resolution
Appalachian Home & Health, Inc.
$866,250.00
Rental
238|1010|A
RS2022-1858
Be A Helping Hand Foundation
$319,499.80
Rental|1010|2 and 21
B
RS2022-1443
Urban Housing Solutions, Inc. (R9)
$1,312,500.00
Rental
125
13
C
RS2022-1443
Urban Housing Solutions (R11)
$572,747.88
Rental
48
16
D
RS2023-2251
Urban League of Middle Tennessee
$2,007,417.42
Rental
50|10 10|E
RS2023-2194
Woodbine Community Organization
$1,250,000.00
Rental
265
2 and 5
F
RS2022-1443
Section 2. The Metro...
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