Nashville moves to grant $40.2 million to 14 nonprofits for 1,106 affordable homes
Round 16 of the Barnes Housing Trust Fund is the largest in the fund's history, Metro Nashville says. The Metro Council began voting on the grant agreements on Oct. 6 and expects to finish by the end of November.
Nashville. Metro Nashville plans to grant $40.2 million to 14 nonprofit organizations to build and repair 1,106 affordable homes, the largest single round of funding in the history of its Barnes Housing Trust Fund, the mayor's office announced on Oct. 6.
The awards, the fund's 16th round, were first approved by the Metro Housing Trust Fund Commission on July 28. Each grant contract needs its own resolution, passed in one vote of the Metro Council. The first agreements were on the council's agenda for its Oct. 6 meeting, and the city expects all of them to be approved by the end of November.
Who receives the money
The recipients are Affordable Housing Resources, Habitat for Humanity Nashville, Woodbine Community Organization, Westminster Home Connection, Disciples Foundation, New Level CDC, Urban Housing Solutions, McNeilly Center, Pathway Lending, Neighbor 2 Neighbor, Rebuilding Together Nashville, Corner to Corner, Be a Helping Hand and Living Development Concepts. The announcement does not say how much each one receives.
The projects combine repairs to homes their owners live in, rehabilitation of rental housing, and new homes built for sale and for rent. The city said the 1,106 homes are the most it has ever built or preserved in a single Barnes round without federal funding.
The round uses what was left of the fund's money for fiscal 2026 together with new money in Mayor Freddie O'Connell's budget for fiscal 2027, which he said included the largest contribution of local funding the fund has received. It pays for every active proposal that met the fund's qualifications, the city said.
Who the homes are for
Rental projects must be affordable to households earning no more than 60 percent of the area median income, and homes for sale to households earning no more than 80 percent. For a family of four in Nashville, that is $69,660 and $92,900 a year. Except for repairs to owner-occupied homes, every project must stay affordable for at least 30 years.
Projects must be in Nashville and Davidson County. Since the fund began 13 years ago, it has put $224 million into affordable housing and drawn more than $1.9 billion in federal and private money, building and preserving more than 7,600 homes, the city said.
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