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A resolution authorizing grants not exceeding $26,234,615 from the Barnes Fund for Affordable Housing to certain nonprofits for the express purpose of constructing and rehabilitating affordable or workforce housing.
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WHEREAS, On June 25, 2024, the Metropolitan Trust Fund Commission issued a request for applications to qualified nonprofit organizations to participate in the nonprofit housing development grant program; and,
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 distribute funds to Affordable Housing Resources; Be A Helping Hand Foundation; Habitat for Humanity; Living Development Concepts, Inc.; Nonprofit Housing Corporation; Park Center, Inc.; Southeast Community Capital Corporation dba Pathway Lending; Rebuilding Together Nashville; Samaritan Recovery Community, Inc.; Springboard Landings; The Housing Fund; TN Prison Outreach Ministry; Westminster Home Connection; and Woodbine Community Organization; 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 $26,234,615, including $1,239,446 of American Rescue Plan Act (ARPA) funds, from the Barnes Fund for Affordable Housing to fund a grant to the following nonprofit organizations as follows:
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