Nashville Mayor Briley Expected to Announce Major Public Housing Initiative

Nashville Mayor David Briley is expected to announce plans later this month for the allocation of millions in city funds to support redevelopment of aged public housing, The Tennessean reports. If approved, Briley’s plan will take a three-pronged approach —a ten-year commitment to pay for redevelopment projects, city-funded infrastructure at those sites and earmarks for the Barnes Fund for Affordable Housing Innovation, which provides grants to affordable housing developers. The city recently took ownership of its public housing stock from the federal government, to facilitate private borrowing for new construction and upgrades.

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