RESOLUTION NO. RS2003-69

A resolution appropriating $160,000 of Urban Development Action Grant Repayment Funds for affordable housing activities at Historic Preston Taylor Homes.

WHEREAS, by Ordinance No. 090-1112, the Metropolitan Council allocated a portion of payments received in connection with the Capitol Mall Urban Development Action Grant (UDAG) to affordable housing activities in Nashville's Pocket of Poverty; and

WHEREAS, the redevelopment of the Historic Preston Taylor Homes will provide affordable housing opportunities for low-moderate income persons and is within Nashville's Pocket of Poverty.

NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:

Section 1. That $160,000 of Capitol Mall Urban Development Action Grant repayment funds are hereby appropriated for affordable housing activities at Historic Preston Taylor Homes.

Section 2. That this resolution shall take effect from and after its enactment, the welfare of the Metropolitan Government of Nashville and Davidson County requiring it.

Sponsored by: Edward Whitmore

LEGISLATIVE HISTORY
Referred to:	Federal Grants Review Committee
Introduced:	November 18, 2003
Adopted:	November 18, 2003
Approved:	November 19, 2003
By: