RS2026-2272: A resolution approving the First Amendment to a grant contract for constructing affordable housing approved by RS2024-750 between the Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Nonprofit Housing Corporation.

Description

A resolution approving the First Amendment to a grant contract for constructing affordable housing approved by RS2024-750 between the Metropolitan Government of Nashville and Davidson County, acting by and through the Metropolitan Housing Trust Fund Commission, and Nonprofit Housing Corporation.

Summary

This resolution authorizes Nashville and Davidson County, through the Metropolitan Housing Trust Fund Commission, to amend its 2024 grant agreement with Nonprofit Housing Corporation for affordable housing construction. The amendment extends the project deadline to December 31, 2026, while keeping Metro’s maximum obligation at $4 million. It also revises the fourth payment milestone: the nonprofit must provide a temporary use and occupancy letter for 188 Barnes Fund units, an independent CPA audit, and proof of current Tennessee charitable-solicitation registration. If obligations are not completed by the deadline, Metro may rescind the contract and recover appropriated funds. The Mayor is authorized to execute the amendment.