Promoting Affordable Housing Partnerships in Nashville
November 15, 2023 by Nashville has an urgent need for affordable housing due to rapid population growth and rising housing costs. The report identifies significant potential for developing affordable housing on land owned by faith-based, academic, and healthcare institutions. It suggests that these institutions, which own substantial developable land, could play a crucial role in addressing the housing shortage. The report also explores how revised zoning policies could increase the number of housing units that can be built on this land. Additionally, it emphasizes the importance of partnerships between these institutions and local affordable housing developers to maximize land use and overcome development challenges. The report concludes that collaborative efforts and creative solutions are essential for meeting Nashville’s affordable housing needs, including institutional partnerships, revised zoning policies, technical assistance and support, and funding and incentives. https://www.urban.org/research/publication/promoting-affordable-housing-partnerships-nashville