title
A resolution approving amendments to five grant contracts for constructing affordable housing approved by RS2020-239 between The Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and certain non-profit organizations.
body
WHEREAS, The Metropolitan Government of Nashville and Davidson County (“Metro”), acting by and through the Metropolitan Housing Trust Fund Commission, previously entered into grant contracts with Affordable Housing Resources, Be A Helping Hand Foundation, Our Place Nashville, Woodbine Community Organization, and Westminster Home Connection for the express purpose of constructing affordable housing approved by RS2020-239; and,
WHEREAS, the parties wish to amend these five grant contracts by extending the term of each contract, copies of which amendments are attached hereto and incorporated herein; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that the amendments to the grant contracts be approved.
NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That amendment one to five grant contracts for constructing affordable housing between The Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Affordable Housing Resources, Be A Helping Hand Foundation, Our Place Nashville, Woodbine Community Organization, and Westminster Home Connection, copies of which are attached hereto and incorporated herein, are hereby approved, and the Metropolitan Mayor is hereby authorized to execute the same.
Section 2. That this resolution shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Agenda Analysis
Analysis
This resolution approves amendments to five grant contracts approved by Resolution No. RS2020-239. These grants are between the Metropolitan Housing Trust Fund Commission and nonprofit organizations and are for the construction of affordable housing.
Each of these five amendments extend the term of the relevant grant contract from 24 months to 36 months. No other changes would be made to the grant contract. The nonprofit organizations are as follows:
• Affordable Housing Resources
• Be A Helping Hand Foundation
• Our Place Nashville
• Woodbine Community Organization
• Westminster Home Connection
Fiscal Note: This resolution will extend the terms of the contracts but will not affect the balance of the Barnes Fund.