Mayor Barry Proposes Housing Initiative
Nashville Mayor Megan Barry this week proposed an affordable housing initiative focused on an incentive plan for developers. The Tennessean has details:
The proposal, billed as a pilot program and already backed by two key Metro Council members, would not require that residential developers include affordable housing in new large-scale projects.
Instead, the mayor has put forward an entirely opt-in plan that would offer grants — ranging in size — to developers who build either workforce or affordable housing. The voluntary approach is already getting favorable reviews from the development community, which has been wary about more stringent proposals floated in the past.
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