title
A resolution authorizing a grant not exceeding $1,000,000 from the Barnes Fund for Affordable Housing to fund a previously expired grant to Inspiritus, Inc., for the express purpose of constructing and rehabilitating affordable or workforce housing.
body
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 funds to Inspiritus, Inc., a non-profit organization whose grant contract had previously expired; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that this grant contract 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 $1,000,000 from the Barnes Fund for Affordable Housing to fund a previously expired grant to the following nonprofit organization as follows:
Nonprofit
Amount
Project Type
# of Barnes Fund Homes
Council District
Exhibit
Originally Approved Resolution
Inspiritus, Inc.
$1,000,000
Rental
80
19
A
RS2022-1443
Section 2. The Metropolitan Government of Nashville and Davidson County is hereby authorized to enter into a grant contract with the nonprofit organization listed in Section 1 for the grant amount designated therein, subject to the terms and conditions under which the grant funds are to be spent, attached hereto as Exhibits A and incorporated herein.
Section 3. This Resolution shall take effect from and after its adoption, the wel...
Click here for full text