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A resolution authorizing grants not exceeding $5,458,000.00 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 February 10, 2025, 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 various non-profit organizations; 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 $5,458,000.00 from the Barnes Fund for Affordable Housing to fund a grant to the following nonprofit organizations as follows:
Nonprofit
Amount
Project Type
# of Barnes Fund Homes
Council District
Exhibit
Habitat for Humanity of Greater Nashville
$4,500,00.00
Homeownership
27
28
A
Living Development Concepts, Inc.
$375,000.00
Homeownership|1010|17
B
Tucker's House
$100,000.00
Owner-Occupied Rehab|1010|Various TBD
C
Westminster Home Connection
$483,000.00
Owner-Occupied Rehab
100
Various TBD
D
Section 2. The Metropolitan Government of Nashville and Davidson County is hereby authorized to enter into grant ...
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