NASHVILLE, Tenn. (WTVF) — Nashville Metro Council members are weighing a voluntary housing incentive program, introduced on first reading Tuesday night, as the city faces a projected shortage of 90,000 homes by 2035.
The proposed Voluntary Attainable Housing Incentive Program would offer developers additional building entitlements in exchange for setting aside 10% of units at attainable prices for middle-income residents.
"What it would do would say for a developer who is interested in additional entitlements, they'd like to be able to put a few more units on. If they voluntarily choose to use this program, then they could set aside 10% of those units to be what's called an attainable price," said Metro Council member Burkley Allen.
Allen said attainable housing means units priced at 30