{"id":1004118119,"date":"2015-04-23T10:53:21","date_gmt":"2015-04-23T18:53:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=342744"},"modified":"2020-04-01T05:15:21","modified_gmt":"2020-04-01T13:15:21","slug":"23-unit-affordable-housing-revitalizes-north-nashville-site","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/23-unit-affordable-housing-revitalizes-north-nashville-site\/","title":{"rendered":"23-Unit Affordable Housing Revitalizes North Nashville Site"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_342746\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/26th-and-Clarksville-groundbreaking.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-342746\" title=\"26th and Clarksville groundbreaking\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/26th-and-Clarksville-groundbreaking.jpg\" alt=\"\" width=\"300\" height=\"202\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">MDHA Executive Director Jim Harbison, Rev. Bill Barnes, Mayor Karl Dean, Urban Housing Solutions Executive Director Rusty Lawrence and community leaders breaking ground on 26th and Clarksville<\/p>\n<\/div>\n<p>Nashville\u2019s low-income housing stock is set to expand with 23 new units, as the Metro Development and Housing Agency(MDHA), Urban Housing Solutions, the Barnes Housing Fund Commission and Nashville Mayor Karl Dean broke ground on 26th and Clarksville. \u00a0Located in North Nashville at 2121 26<sup>th<\/sup> Avenue North, the $3.2 million affordable housing complex will start construction in June.<\/p>\n<p>The 23-unit project will target very-low income households that earn less than 60 percent of the HUD median family income, adjusted for family size. For a family of four the upper threshold comes in at $40,140. The project will consist of eight studio and efficiency apartments, 12 one-bedroom units and three two-bedroom apartments.<\/p>\n<p>Nonprofit Nashville developer Urban Housing Solutions has acquired, demolished and will redevelop the property using a mix of public and private funds. The Barnes Fund for Affordable Housing has provided $1,558,000, MDHA is providing $805,975 from the HOME Investment Partnership and Truxton Trust is contributing $803,206 in private financing.<\/p>\n<p>The affordable housing project will rise on the site of an apartment complex with a troubled past. Following foreclosure, the previous structure had fallen into disrepair, receiving numerous Metro health and codes violations, including for illegal dumping. The previous structure was recently razed in anticipation of the new development.<\/p>\n<div id=\"attachment_342747\" class=\"wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/26th-and-Clarksville.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-342747 \" title=\"26th and Clarksville\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/26th-and-Clarksville.jpg\" alt=\"\" width=\"300\" height=\"193\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">26th and Clarksville groundbreaking<\/p>\n<\/div>\n<p>The Barnes Fund for Affordable Housing grant program is a Metro Government Initiative via the Metropolitan Housing Trust Commission that aims to grow Davidson County\u2019s affordable housing stock. It launched in 2013 with over $3 million in initial grant funds earmarked for non-profit affordable housing developers looking to create quality income-sensitive housing for low income households and residents. The Barnes Fund is set receive an additional $5 million from the redevelopment sale of the old Nashville Convention Center. The HOME Investment Partnership is a federal HUD program operated in Nashville by MDHA.<\/p>\n<p><em><a title=\"Market Snapshot: Nashville Tops $1B in Apartment Sales in 2014, Expects Another Banner Year in 2015\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-nashville-tops-1b-in-apartment-sales-in-2014-expects-another-banner-year-in-2015\/1004114540.html\" target=\"_blank\" rel=\"nofollow\">Click here<\/a> for further Nashville apartment data<\/em><\/p>\n<p><em>Image credits: Nashville Metro Development and Housing Agency<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nashville&rsquo;s low-income housing stock is set to expand with 23 new units, as the Metro Development and Housing Agency(MDHA), Urban Housing Solutions, the Barnes Housing Fund Commission and Nashville Mayor Karl Dean broke ground on 26th and Clarksville.<\/p>\n","protected":false},"author":49,"featured_media":1004506167,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[],"class_list":["post-1004118119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nashville-knoxville","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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