Mayor John Cooper announced a new round of grants for affordable housing projects on Tuesday through the Barnes Housing Trust, which helps Nashville nonprofits build low-cost apartments in the city. But citing budget shortfalls, the Mayor’s office is awarding just half of what it’s been in previous years.
Last spring then-mayor David Briley awarded nearly $10 million dollars to local nonprofits to build affordable housing. A year before that it was closer to $11 million.
But due to fiscal troubles, Mayor John Cooper is giving only a partial round of $5 million across seven organizations, which he says will help the city create 549 units of affordable housing.
In a statement, the Mayor’s office said it hoped to back an additional round of grants in the spring, if the budget allows.
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