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Amendment to Grant Contract for 75-Unit Affordable Housing Project

  • When: 2025/10/09
  • Address: 123 Main St, Nashville, TN 37203
  • City: Nashville
  • State: TN
  • Category: Affordable Housing
  • Subcategory: Affordable Housing Development
  • Asset Class: Multifamily
  • Property Type: Affordable Housing
  • Size (SF): 85,000 SF
  • Size (AC): 2.5 AC
  • Size (Units): 75 Units
  • Size (Dollars): $1,500,000
  • Planning Department: True

The Metropolitan Planning Commission recommended approval of an amendment to a previously approved grant contract for a 75-unit affordable housing project located at 123 Main St, Nashville, TN. The amendment seeks an additional $1,500,000 in grant funds, increasing the total grant to $3,500,000, to cover unforeseen construction cost escalations. The original project, developed by Community Builders LLC, involved constructing an 85,000 SF complex on 2.5 acres to provide affordable housing for low-income families. The vote for the recommendation was 7-0. This recommendation will now be forwarded to the Metropolitan Council for final review and decision.

Source

Applicant - Affordable Living Solutions Inc.


Sarah Chen

Developer - Community Builders LLC


David Lee

LinkedIn

City Representative - Emily White