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Council approves first amendments to three affordable-housing grants; $3 million in ARPA funds returned
Summary
The Metropolitan Council approved first amendments to three affordable-housing grant contracts managed by the Metro Housing Trust Fund Commission, extending two contracts by 12 months and extending a third while returning $3,000,000 in ARPA funds.
The Metropolitan Council of Nashville and Davidson County approved a late-filed resolution to authorize first amendments to three grant contracts administered by the Metropolitan Housing Trust Fund Commission for constructing affordable housing. Two of the contracts were extended for 12 months; the third was extended for 12 months and modified to return $3,000,000 in American Rescue Plan Act (ARPA) funds while allowing the nonprofit to retain two parcels previously awarded by Metro.
“This is three of them, and two of them are simply just two 12 month extensions to the contracts. And the other 1 is a 12 month extension to the contract, and also it is a budget reduction, to return $3,000,000 in ARPA funds, but we are also requesting to retain the 2 metro awarded parcels on that contract,” said Catherine Middlebrooks, Housing Trust Fund manager, when asked to explain the amendment package.
Council member Allen asked how Metro would use the returned ARPA funds, asking, “What will happen to that $3,000,000 that gets returned?” Catherine Middlebrooks replied, “So, we are going to work with, finance to, make some decisions on where that funding will, eventually end up.”
Middlebrooks also told the council that the affected project would continue if it secures other funding sources, saying the nonprofit has sought catalyst funding and other financing to continue the development. The council’s vote approved the resolution; the meeting transcript records the motion carried after the voice vote.
The resolution was introduced as a late-filed item and assigned to the Metropolitan Housing Trust Fund Commission for implementation. Council members requested a brief explanation during the meeting; no further debate or roll-call tally was recorded in the transcript. The minutes indicate staff follow-up with Finance to determine reallocation or reprogramming of the returned ARPA funds.
Council members and the Housing Trust Fund manager framed the action as a scheduling and budgetary adjustment: the ARPA-funded project could not complete within the original funding time limit, so the nonprofit returned the ARPA allocation while requesting an extension and retention of Metro parcels to allow pursuit of alternative financing.
