A resolution authorizing grants not exceeding $2,000,000 from the Barnes Fund for Affordable Housing to NewLevel CDC, a nonprofit organization, for the express purpose of constructing and rehabilitating affordable or workforce housing.
WHEREAS, on September 6, 2019, the Metropolitan Housing Trust Fund Commission issued a request for application to qualified nonprofit organizations to participate in the nonprofit housing development grant program; and,
WHEREAS, Section 7-3-314 of the Tennessee Code Annotated states that metropolitan forms of government may provide financial assistance to a nonprofit organization in accordance with the guidelines of the Metropolitan Government; and,
WHEREAS, Section 5.04.070 of the Metropolitan Code of Laws provides that the Metropolitan Council may by Resolution appropriate funds for the financial aid of nonprofit organizations; and,
WHEREAS, pursuant to the regulations and procedures of the Metropolitan Housing Trust Fund Commission, the Metropolitan Housing Trust Fund Commission has accepted the recommendations of the Barnes Fund Review Committee that the appropriated funds be distributed to the following nonprofit organization: New Level CDC; and,
WHEREAS, it is to the benefit of the citizens of The Metropolitan Government of Nashville and Davidson County that this grant be approved.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. There is hereby appropriated $2,000,000.00 from the Barnes Fund for Affordable Housing to fund a grant to the following nonprofit organization:
|New Level CDC ||$2,000,000.00 ||A|
Section 2. The Metropolitan Government of Nashville and Davidson County is hereby authorized to enter into a grant contract with the nonprofit organization listed in Section 1 above for the grant amount designated therein, subject to the terms and conditions under which the grant funds are to be spent, attached hereto as Exhibit A and incorporated herein.
Section 3. This Resolution shall take effect from and after its adoption, the welfare of The Metropolitan Government of Nashville and Davidson County requiring it.
Burkley Allen, Kyonzté Toombs, Colby Sledge, Ginny Welsch, Nancy VanReece, Zulfat Suara, Sean Parker
Referred toAffordable Housing Committee
Budget and Finance Committee
IntroducedJuly 21, 2020
AdoptedJuly 21, 2020
ApprovedJuly 22, 2020
Requests for ADA accommodation should be directed to the Metropolitan Clerk at 615-862-6770.
Last Modified: 08/03/2020 2:09 PM