This resolution approves the first amendment to a grant contract between the Metropolitan Housing Trust Fund Commission and Living Development Concepts, Inc., which extends the term of the original agreement from 24 months to 36 months for the construction of affordable housing. The total grant amount of $750,000 remains unchanged.
Extending the contract term by 12 months provides more time for the construction and completion of affordable housing, which is critical in addressing the growing housing needs in Nashville.