This resolution authorizes grants totaling $26,234,615 from the Barnes Fund for Affordable Housing to several nonprofit organizations to construct and rehabilitate affordable or workforce housing in Nashville. These funds include $1,239,446 from the American Rescue Plan Act. The selected nonprofits will use these funds to support the development of 912 housing units across multiple districts.
This initiative addresses the critical need for affordable housing in Nashville by providing financial support to nonprofits, ensuring the development of 912 affordable homes for individuals and families at or below 60% of the area median income.