Metro Nashville Housing Division
Nashville, Tennessee

In 2013, Mayor Karl Dean and the Metro Council created Metro Nashville's first housing trust fund to leverage affordable housing developments throughout Davidson County. Named after Reverend Bill Barnes, a longstanding advocate for affordable housing and deconcentrating poverty, the Barnes Fund makes competitive grants to nonprofit housing developers to increase affordable housing options for Nashvillians. Grants include funding for preservation and creation of affordable rental and homeowner units and other supportive efforts to encourage long-term affordability. Since its inception, the Barnes Fund has invested more than $92 million in affordable housing development and preservation and has leveraged over $933 million of federal and private funding to construct more than 4000 housing units.

Funding Source
Tax expenditure; General revenue; Special one-time federal funding
Funding Year
2022-2023
Program Status
Active
Total Funding
$92,913,601
Treasury State and Local Fiscal Recovery Funds (SLFRF) Funding
$34,700,000
Website
https://www.nashville.gov/departments/mayor/housing/barnes-fund/applications
Contact
Rasheedah Pardue Metro Nashville - Housing Division - Planning Department [email protected] 615-853-6650
How Provided?
Development grants
Data Collected by Program
Income
Private Funding
$2770000
Program Type
Capital resources
Income Eligibility Threshold
60% AMI or less
Duration
Affordability period is 30 years
Info Source
Program administrator survey response
Last Updated
3/31/23 11:26
Other Eligibility Requirements

Households within specific ZIP codes, neighborhoods

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Extremely low-income households (income less than 30% AMI); Very low-income households (income less than 50% AMI); Households within specific ZIP codes, neighborhoods