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A resolution declaring surplus and authorizing the conveyance of real property to certain nonprofit organizations, and authorizing grants not exceeding $15,045,144.00 from the Barnes Fund for Affordable Housing to certain nonprofit organizations selected for the express purpose of constructing and rehabilitating affordable or workforce housing. (Proposal No. 2022M-043AG-001)
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WHEREAS, the Metropolitan Government owns certain parcels of property identified as Exhibits A through N (the "Properties"), as shown in Section 1 below; and,
WHEREAS, Section 7-3-314(e) of the Tennessee Code Annotated (the "Act") permits a metropolitan government by resolution of its governing body to authorize the conveyance of the real property acquired pursuant to a delinquent tax sale by grant to a nonprofit organization; and,
WHEREAS, the Act requires that no property may be granted prior to the expiration of the statutory redemption period; and,
WHEREAS, the Act requires that all such property be used to construct affordable and workforce housing for residents of Davidson County; and,
WHEREAS, on March 15, 2022, 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, Living Development Concepts, Inc. has been selected to receive a grant conveying four parcels of property as shown on Exhibits A through D; and,
WHEREAS, Affordable Housing Resources has been selected to receive a grant conveying six parcels of property as shown on Exhibits E through J; and,
WHEREAS, Be a Helping Hand has been selected to receive a grant conveying four parcels of property as shown on Exhibits K through N; and
WHEREAS, the requirements of Section 7-3-314(e) of the Act have been met as to the Properties; and,
WHEREAS, the grant process has conformed to the requirements of Tennessee law; and,
WHEREAS, Section 7-3-314 of the Tennessee Code Annotated states t...
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