Nashville Pledges $500 Million To Build Mixed-Income Housing
The Mayors 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 authoritys plan to rebuild the citys 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 thats why its important for this city that believes in everybody succeeding to invest that kind of money.
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