Affordable Rents in Town

Affordable Rents in Town

https://tntribune.com/investigative-stories/gentrification-in-north-nashville/

 

 

Simmons Bank’s Blog Showcases Be A Helping Hand

Be A Helping Hand has a long-standing commitment to housing in Nashville.

Simmons Bank’s new blog site, “Beyond The Bank,” goes to great lengths to show appreciation to the customers they serve.

Be A Helping Hand was recently highlighted and the executive director, Mark Wright, shares background and tender moments instrumental in the nonprofit’s success, as well as events that led to making a difference in affordable housing.

 

Mayor Barry Ribbon Cutting Ceremony

Providing high quality affordable homes in Nashville helps to create stronger families and a more vibrant community.

Be a Helping Hand has recently given six families new homes to raise their families, and in the process provided job opportunities for local workers.

BHH leveraged $262,942 from the Barnes Fund, $276,536.42 from MDHA through the HOME Investment Partnerships Program, and $405,511 from Tennessee Housing Development Agency to construct the homes. The completed project consists of three townhomes units, both with two four-bedroom homes, providing a total of six homes with a monthly rent of $670 for low-income families that earn 50% of AMI or below with disabilities.

The homes were constructed to be energy efficient with Energy Star rated doors, windows, insulation, HVAC and appliances, with rain garden. The properties are also in compliance with Visibility and Universal Design standards to be wheelchair and handicapped accessible.

Be a Helping Hand and partners awarded $3 million

Working with the North Nashville Consortium, Be a Helping Hand is buying and renovating foreclosed and abandoned homes. The funding for this housing initiative is part of a grant award to the Metropolitan Development and Housing Agency (MDHA) from the U.S. Department of Housing and Urban Development (HUD) under the Neighborhood Stabilization Program (NSP). Over the past 18 months, the Consortium’s combined effort has provided 38+ homes for low-income families.