Nashville Pledges $500 Million To Build Mixed-Income Housing
The Mayor’s Office is dedicating $500 million toward boosting affordable housing in Nashville, much of which will go toward converting low-income housing into mixed income.
Over the next decade Nashville promises to put $350 million toward the housing authority’s plan to rebuild the city’s aging public housing as a mixture of low, moderate and higher income apartments.
Nashville Mayor David Briley said Tuesday breaking up concentrated poverty and replacing it with mixed-income living creates opportunities for everyone.
“If you live here in Nashville, you ought to have a pathway to prosperity,” Briley said. “Living in a mixed-income neighborhood is a big part of that. So that’s why it’s important for this city that believes in everybody succeeding to invest that kind of money.”
Read more: https://www.nashvillepublicradio.org/post/nashville-pledges-500-million-build-mixed-income-housing