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 $54 million in affordable housing development and preservation and has leveraged over $360 million of federal and private funding to construct more than 2500 housing units.
Below is a list of organizations that have received funding from the Barnes Fund:
- Fall 2014 Round of Funding
- Fall 2015 Round of Funding
- Fall 2016 Round of Funding
- Spring 2017 Round of Funding
- Fall 2017 Round of Funding
- Spring 2019 Round of Funding
- Fall 2019 Round of Funding
- Spring 2021 Round of Funding
Community Land Trust
In addition to the funding provided from the Barnes Fund for homeowner, rental, and preservation proposals, the Barnes Fund participated in the creation of Nashville’s Community Land Trust (CLT) in 2017 alongside The Housing Fund. The CLT aims to protect local residents from displacement by ensuring working families can afford to live in their community and keep homes in their community affordable for generations to come. Along with seed funding to launch the Community Land Trust, Metro has donated 15 properties. The first properties are currently under development as the CLT moves forward with the start-up phase of this program.
Eligible projects must create or preserve affordable housing opportunities in Nashville and Davidson County. Rental projects must be affordable to households with incomes at or below 60% of the median family income adjusted for family size. Home buyer/home owner rehabilitation projects must be affordable to households with incomes at or below 80% of the median family income adjusted for family size.
How to Apply
Metro-Owned Properties for Donation
In addition to awarding funds to nonprofit developers, The Barnes Fund donates Metro-owned property to nonprofit applicants. In order to apply for Metro-owned properties, developers must also apply for financial support and it must be during a competitive funding round.
Metropolitan Housing Trust Fund Commission
The Metropolitan Housing Trust Fund Commission governs the Barnes Fund to award and assist in stewarding funds that provide quality affordable housing options throughout Davidson County. The Commission meets every 4th Tuesday of the month at the Sonny West Conference Center. During the COVID-19 pandemic, meetings will be held remotely and publicly available for viewing through Webex per Governor Lee’s Executive Order.