Nashville Proposes $40.2M Round for 1,106 Homes
Nashville announced a $40.2 million Barnes Fund Round 16 plan on October 6 for 14 nonprofits and 1,106 homes, its largest single funding round. The home total mixes new construction with rental and owner-occupied rehabilitation. It is not a count of 1,106 newly built homes. The Housing Trust Fund Commission approved the awards July 28. Every grant contract still requires a council resolution; the city expects approvals to finish by the end of November. Rental projects target households at or below 60 percent AMI and homebuyer projects at or below 80 percent. Most projects must remain affordable for at least 30 years, with an exception for existing owner-occupied rehabilitation. The live record reviewed for RS2026-2307 had no final action. Proposed allocations and an October 6 agenda date should not be reported as a confirmed council vote or completed grant payment.