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First Amendment to $4M Grant for 148 Affordable Homes at 3539 Dickerson Pike Approved

  • When: 2025/08/19
  • Address: Citywide, Nashville, TN
  • City: Nashville
  • State: TN
  • Category: Economic Development Incentives
  • Subcategory: Grants
  • Asset Class: Multifamily
  • Property Type: Affordable Housing
  • Size (Units): 148 Units
  • Size (Dollars): $4,000,000

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

Source

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


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