Affordable housing impacts of Cooper's budget plan

Posted at 11:00 PM, Dec 12, 2019
and last updated 2019-12-13 00:00:15-05

NASHVILLE, Tenn. (WTVF) — Groups across Nashville are assessing the impact of Mayor Cooper's plan to fill a $41 million budget shortfall.

Kay Bowers, the head of New Level Community Development Corporation, says the plan will impact her non-profit's ability to build affordable housing for Nashville residents.

To help fix the budget shortfall, the city is holding onto $5 million that would normally go to non-profits like New Level and others through the city's Barnes affordable housing fund.

At a budget meeting Wednesday, Metro's finance director said if the city finds new money later in the year, they'll work to give that money back to the Barnes fund, but that doesn't comfort Bowers.

"When we hear the words 'We're hopeful,' well, I don't know I can go back to my board of directors, that's difficult," Bowers said.

New Level says because of the decision, they're putting on hold a project that would have provided 51 affordable townhomes in Nashville.