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Industrial Development Board ad hoc committee reviews Atlanta, Austin tools for affordable housing; approves prior minutes
Summary
At its Feb. 12 ad hoc meeting, the Industrial Development Board reviewed research on affordable-housing tools used in Atlanta and Austin—highlighting municipal bond authority, philanthropic revolving funds and childcare tax credits—and approved prior meeting minutes by voice vote.
On Feb. 12, 2025, the ad hoc committee of the Industrial Development Board met and discussed research comparing affordable-housing policies used in Atlanta and Austin and whether similar tools could be applied in Nashville.
Board Member Haston said the Atlanta presentation showed “using their own city's bond authority to back deals and or issue their own, bonds to help subsidize both housing and infrastructure,” a tool he said the committee legally could deploy under state enabling legislation. He also told members that philanthropy in Atlanta had helped capitalize a revolving loan fund to subsidize projects, an effort he described as having “raised a…
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