Wednesday, January 13, 2016

Nashville planners seek delay on affordable housing proposal

by Joey Garrison, The Tennessean, Jan.12, 2016 - Metro Nashville planners have finalized a proposal for a new system of financial incentives that would seek to encourage developers to build more affordable housing in Davidson County. But they don’t want the Metro Council to vote on the measures just yet.  ....the planning department has asked the planning commission to approve... officials have recommended that the council delay consideration until Nashvillians have more time to weigh in. .... proposal hinges on perhaps as much as $10 million in recurring funds that would need to be carved out in Metro’s upcoming budget. .....Planners want more discussion on one of the key elements of the proposal: the elimination of bonuses that are offered to developers who provide public parking, pursue eco-friendly building standards and promote mixed-use development. This bonus system would be replaced by one focused on incentives for affordable housing. (read more)
For more on this topic also see,  Metro planners recommend affordable housing incentives.

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