A Resolution authorizing the Metropolitan Development and Housing Agency to negotiate and enter into a PILOT Agreement and accept payments in lieu of ad valorem taxes with respect to a multi-family housing project located at 1622 Rosa L Parks Blvd known as Inspiritus.

• When: 9/17/2024
• Address: 1622 Rosa L Parks Blvd
• City: Nashville
• State: Tennessee
• Category: Infrastructure Development
• Size: 80 units

This resolution authorizes the Metropolitan Development and Housing Agency (MDHA) to enter into a PILOT agreement for a multi-family housing project located at 1622 Rosa L Parks Blvd known as Inspiritus. The project aims to provide 80 units of affordable housing for individuals and families earning 60% or less of the Area Median Income. The resolution allows MDHA to negotiate the terms of the payment in lieu of taxes (PILOT) and outlines financial details and tax abatements associated with the project.

Why it Matters

The project will contribute to the creation of affordable housing units in Davidson County, addressing the need for low-income housing options.

Source