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Resolution to Approve First Amendment to Grant Contract for 148 Affordable Housing Units at 3539 Dickerson Pike

  • When: 2025/08/19
  • Address: 3539 Dickerson Pike, Nashville, TN
  • City: Nashville
  • State: TN
  • Category: Affordable Housing
  • Subcategory: Affordable Housing Development
  • Asset Class: Multifamily
  • Property Type: Affordable Housing
  • Size (Units): 148 Units
  • Size (Dollars): $4,000,000
  • Planning Department: True

This resolution approves the first amendment to a grant contract between the Metropolitan Government of Nashville and Davidson County, acting through the Metropolitan Housing Trust Fund Commission, and Arts and Business Council of Greater Nashville, INC. The original grant, previously approved by Resolution No. RS2024-750, allocated $4,000,000 to the Arts and Business Council for the construction of 148 Barnes Fund homes at 3539 Dickerson Pike. The amendment's primary purpose is to update the grant draw schedule. The revised schedule now permits 75% of the funding to be drawn for documented predevelopment costs and the remaining 25% upon the receipt of the final use and occupancy letter from the Department of Codes Administration.

Source

Ownership - Metropolitan Government of Nashville and Davidson County


Peter Westerholm

Developer - Arts and Business Council of Greater Nashville. INC.


Jill McMillan Palm