Nashville Mayor Proposes To Cut Affordable Housing Fund in Half

Due to the city’s ongoing budget crunch, newly-elected Nashville Mayor John Cooper has proposed to cut funding in half for the Barnes Fund for Affordable Housing.  The city faces an estimated budget shortfall of $41.5 million.  Mayor Cooper indicated the city would only award $5 million in Barnes Fund Grants this year.  The Barnes Fund was formed in 2013 and and has invested $37 million to date in affordable housing projects.