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A resolution authorizing grants not exceeding $9,407,278.00 from the Barnes Fund for Affordable Housing to certain nonprofit organizations for the express purpose of constructing and rehabilitating affordable or workforce housing.
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WHEREAS, the Metropolitan Housing Trust Fund Commission issued a request for application 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 its regulations and procedures, the Metropolitan Housing Trust Fund Commission has accepted the recommendations of the Barnes Fund Review Committee that the appropriated funds be distributed to the following nonprofit organizations for the express purpose of constructing and rehabilitating affordable or workforce housing: Affordable Housing Resources, Habitat for Humanity, Be A Helping Hand, Samaritan Recovery Community, Mending Hearts, Inc., Urban Housing Solutions, and Woodbine Community Organization, Inc.; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that the grants to these nonprofit organizations 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 $9,407,278.00 from the Barnes Fund for Affordable Housing to fund grants to seven nonprofit organizations as follows:
Nonprofit
Amount
Exhibit
Affordable Housing Resources, Inc.
$784,300.00
A
Habitat for Humanity
$1,999,580.00
B
Be A Helping Hand
$249,000.0...
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