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Metro presents Unified Housing Strategy; asks Industrial Development Board to weigh underwriting, TIF thresholds and bond authority
Summary
Travis Miller of Metro Nashville’s Housing Division presented the Unified Housing Strategy to the Industrial Development Board Ad Hoc Committee, urging coordination on underwriting, TIF affordability thresholds and possible use of IDB bond authority for mixed‑income financing.
Travis Miller, housing policy and program coordinator with Metro Nashville Planning Department’s Housing Division, presented the Unified Housing Strategy (UHS) to the Industrial Development Board Ad Hoc Committee and outlined actions where the IDB could support countywide affordability goals.
Miller said the UHS estimates Nashville will need more than 90,000 new homes over the next 10 years (about 9,000 annually) and that the largest shortfall is units affordable to households at or below 60% of area median income (AMI), with particular emphasis on households at or below 30% AMI. Miller noted Metro’s data and public engagement identified six themes: rising housing demand; constrained supply and lack of housing choice; barriers to homeownership; housing instability and displacement risk; gaps in services and navigation;…
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