Support for BL2019-1472
For years, Nashville has been awarding public incentives of various kinds to businesses who locate here and fuel the city’s growth. But as a city, we need to deal with some of the negative consequences of growth – especially the loss of affordable housing! We need to keep the city’s priorities balanced!
Council Members Fabian Bedne and Colby Sledge have introduced a bill to Metro Council requiring that whenever an “economic and community development incentive grant” is given to a company, an equal amount must go to the Barnes Fund for Affordable Housing. This type of incentive is usually $500 per year per employee for a number of years.
So if Metro awards $15 million total to a company, $15 million would also have to go to the Barnes Fund to create affordable housing. This will not fix our affordable housing problem, but it will help to balance the city’s priorities.
The NOAH Affordable Housing Task Force asks you to send ONE EMAIL to the Metro Council by Tuesday night, when this bill will be considered at second reading (see the full bill HERE.) Can you help Nashville have more balance in our growth? Please email [email protected] about this BY TUESDAY NIGHT! A sample email is below. Please use the suggested subject line, since that is all that some Council Members read.
SUBJECT: Please support BL2019-1472 to balance Nashville’s growth!
Dear Council Member,
Metro government has given many incentives to businesses to locate here, and Nashville has had exceptional growth and development. But with this growth has come a lack of affordable housing for long-term residents. While some people in Nashville are benefitting from all this development, others are being displaced or left behind. Some are being pushed out of the county by skyrocketing housing costs. In 2018, wages went up 2.7% -- but rent jumped 9.9%!
If Metro awards an “economic and community development incentive grant” to a company, an equal amount must go to the Barnes Fund for Affordable Housing. This type of incentive is usually $500 per year per employee for a number of years.
Please support BL2019-1472 to balance Nashville’s growth with more affordable housing and protect long-term residents.
NAME / ADDRESS