Metropolitan Government of Nashville and Davidson County

This document details Metro's Unified Housing Strategy, specifically focusing on Strategy B to optimize and grow financial and resource support for affordable housing. The strategy aims to create new housing options, preserve existing stock, and prevent displacement by exploring new funding sources, leveraging underutilized resources, attracting mission-motivated capital, fostering philanthropic partnerships, enhancing underwriting capacity, and refining existing housing tools like the Barnes Fund, Tax Increment Financing (TIF), and Payment in Lieu of Taxes (PILOT) programs.

This document outlines Metro Nashville Government's Unified Housing Strategy, a comprehensive plan to address the city's housing challenges. It is built upon seven major strategies, with a particular focus on strengthening housing security for renters and improving access to resources. Key initiatives include enhancing tenant protections in publicly subsidized housing, supporting the eviction right to counsel program, improving court processes for eviction cases, monitoring the need for expanded emergency rental assistance, supporting the Tennessee Fair Housing Council, requiring annual fair housing training for recipients of public funds, strengthening Hub Nashville to centralize housing resources, ensuring housing information is easily accessible and translated, and leveraging the codes department to assist vulnerable homeowners and tenants. The strategy aims to create new housing options, preserve existing stock, prevent displacement, and foster housing stability and equitable access for all residents.

The document presents Metro's Unified Housing Strategy, a comprehensive roadmap for addressing housing needs. It encompasses an ecosystem analysis, detailing the roles of public, private, non-profit, and philanthropic actors, and identifies areas for improved coordination and capacity building. The resource analysis explores available funding mechanisms, emphasizing the strategic leveraging of state, federal, private, and philanthropic funds, alongside innovative models to support affordable housing and combat homelessness. Furthermore, the regulatory analysis reviews policies related to land use, resident protections, and subsidies, outlining their impact on housing affordability and stability. The strategy aims to foster a robust housing continuum, ensure efficient resource deployment, and enhance housing security for all residents.

This document outlines the Nashville Unified Housing Strategy, focusing on estimating future housing demand and setting production targets for Davidson County. Key areas include projecting population growth and housing needs up to 2034, with a target of 91,288 net new homes by 2034 and 45,000 by 2030. The strategy addresses the significant deficit in affordable housing for lower-income households, aiming to double the supply of deed-restricted affordable homes by creating 20,000 new units by 2035. It also analyzes challenges in homeownership affordability and includes case studies on effective governance and public housing authority operations.

The Nashville Unified Housing Strategy is a comprehensive plan designed to advance housing security for all residents of Nashville. It outlines four key objectives: expanding affordable housing options across all income levels, increasing access for protected classes, supporting residents in maintaining housing security and stability, and ensuring resilient and sustainable housing stock and systems. The plan aims to address challenges such as affordability, lack of housing choice, and risk of housing loss through coordinated public and private efforts, with a vision for every Nashvillian to have access to safe, quality housing.