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Council members press for publicly financed housing fund and housing-production financing
Summary
Council members discussed proposals for a publicly financed, community-governed housing fund and a $30 million bond-backed housing production model. No formal funding decisions were made; staff and administration were asked to continue policy work and model design.
Council Member Evans brought a request to fund the creation of a publicly financed, community-governed Nashville Community Housing Fund, asking for $540,684 to seed an entity that would issue low‑interest loans and revolve capital back into future projects.
The fund, as described by advocates from the People’s Budget Coalition, would be modeled on programs in Maryland, Charlotte and Austin: bond financing would provide initial capital, loans to developers would create mixed‑income permanently affordable housing, and the loan repayments and equity would be recycled into the fund. Advocates said the fund would include…
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