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Metro planning staff outline Unified Housing Strategy, call for 90,000 new homes over 10 years
Summary
Metro Planning Department housing director Angie Hubbard outlined the city’s Unified Housing Strategy and said Nashville needs roughly 90,000 new homes over the next 10 years, prioritizing deeply affordable units for households below 30% of area median income.
Metro Planning Department housing director Angie Hubbard outlined the city’s Unified Housing Strategy on Aug. 14 and said Nashville needs roughly 90,000 new homes over the next 10 years to meet demand, with priority on deeply affordable units for households below 30% of area median income (AMI).
Hubbard said the UHS sets a 10-year implementation plan, more than 40 actions with assigned lead agencies and annual performance metrics to be published on a housing dashboard so the strategy can be revisited and adjusted to changing market conditions.
The strategy matters because Hubbard said market forces and limited public subsidy leave a structural shortfall for lower-income households. “The market will never become naturally affordable with new construction for households at or below 60% AMI,” Hubbard said, adding that the city must target subsidies and preserve existing affordability.
Hubbard presented…
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