Our Partners

The North Nashville Consortium

The North Nashville Consortium works together to stabilize neighborhoods and is comprised of Fifteenth Avenue Baptist CDC, Be a Helping Hand (BHH), Jefferson United Merchants Partnerships (J.U.M.P), and New Level CDC.

Fifteenth Avenue Baptist CDC

Fifteenth Avenue Baptist CDC is a faith-based 501c3 founded in 1999 and operates programs in affordable housing, economic development, financial management, homebuyer education, and workforce development. Its mission is to connect individuals with the tools and resources to help them improve their lives and become participants in revitalizing our community. Examples of its recent successes include the 942 Jefferson Street Complex, a mixed-use development and Fifteenth Avenue Baptist Village Manor, a senior housing development.



J.U.M.P CDC was started by community members and merchants in 1993 through an effort of rebuilding from the decline and disinvestment in the Jefferson Street corridor and North Nashville community. Its mission is to foster and promote cooperative economic development in the community. It has a track record of securing and administrating grant programs to provide services and improve the community. An example of a recent success is the new Gateway to Heritage project which brought together multiple community partners welcoming a safer environment along the corridor, and to celebrate the history of Jefferson Street.


New Level Community Development Corporation

New Level CDC is a faith-based 501c3 that works in partnership with Mt. Zion Baptist Church. The organization’s community development work focuses on personal money management and financial stability, housing services and development, economic development, and community building. New Level CDC’s current housing development project involves acquiring and improving single family homes in the North Nashville area to provide affordable rental housing.




Barnes Fund for Affordable Housing

As a Council Member At-Large in 2013, Mayor Megan Barry co-sponsored legislation that created Metro Nashville’s first housing trust fund to leverage affordable housing developments countywide. Named after Reverend Bill Barnes, a longstanding advocate for affordable housing and the deconcentration of poverty, the Barnes Fund makes competitive grants to nonprofit housing developers to increase affordable housing options for Nashvillians. Grants include funding for renovation or construction of affordable homeownership and rental opportunities and other supportive efforts to encourage affordability.

In July 2016, Mayor Barry committed to increasing the funding of the Barnes Fund to $40M over the course of four years, with an annual commitment of $10M—the largest investment to date. In January 2017, Mayor Barry added an additional $5M funding a one-time Spring Innovation Round. To date, the Barnes Fund has invested over $14M in affordable housing using Barnes Fund and leveraged over $50M with federal and private funding sources, funding more than 500 housing units.


 Tennessee Housing Development Agency

The Tennessee Housing Development Agency (THDA) is Tennessee’s housing finance agency, created by the General Assembly in 1973. THDA was created to promote the production of more affordable new housing units for very low, low and moderate income individuals and families in the state, to promote the preservation and rehabilitation of existing housing units for such persons, and to bring greater stability Body to the residential construction industry and related industries so as to assure a steady flow of production of new housing units.

In addition to serving as the primary administrator for numerous federal and state housing programs, THDA is authorized to issue tax-exempt Mortgage Revenue Bonds to support financing opportunities for first-time homebuyers and veterans. THDA is not a direct lender. THDA purchases qualified home loans originated through its private-sector lending partners. All THDA loans have 30-year, fixed-rate terms and offer a maximum grant of 5% in down-payment assistance. All homebuyers receiving down-payment assistance must complete a homebuyer education course.


 Metropolitan Housing Development Agency

The year was 1938 and a housing crisis gripped our nation. As in many other cities, seventy-five percent of the housing occupied by low and moderate income Nashvillians was grossly substandard.

With the passage of the first United States Housing Act in 1937, the citizens of Nashville began to work to establish a municipal housing authority. Following a vote of approval by the City Council on October 31, 1938, the Nashville Housing Authority was formed and its first meeting was held November 9, 1938.

The Nashville Housing Authority began its work immediately. In May 1939, an application was submitted to the U.S. Housing Authority for the construction of two low rent housing projects. Approval of this application was received in July of that year and construction soon began on Boscobel Heights (later renamed in honor of James A. Cayce, first active Board Chairman who died during construction) and J.C. Napier Homes. In August 1939, the Nashville Housing Authority also took over the operation of Cheatham Place and Andrew Jackson homes from the U.S. Housing Authority.

From those earliest years and on through new construction and renovation that continue to today, the Metropolitan Development and Housing Agency has served the citizens of Nashville, currently providing safe, decent and affordable housing to thousands of families.

Along with the expansion of its housing programs, MDHA has assisted over the years in all phases of land assembly, design and development, and has seen the initiation and completion of several downtown development projects during these decades of Nashville’s growth. Among the recent projects with which MDHA has been involved are Nashville Public LibraryFrist Center for the Visual and Nissan Stadium.


The Housing Fund

The Housing Fund, Inc (THF) is a private, 501(c)(3) organization established to finance affordable housing and neighborhood revitalization projects throughout Middle Tennessee, including Montgomery County. Since its incorporation in 1996, THF has assisted over 3,000 first time homebuyers receive over $22 million in downpayment assistance loans, as well as providing more than $40 million in financing to assist individuals and organizations purchase, rehabilitate, or construct homes for low and moderate income families. To put these numbers in perspective, THF has lent over $55 million, which has leveraged over $400 million in private financing for more than 1,500 units.

THF’s story began in 1993 with a community wide planning effort, Nashville’s Agenda. Nashville’s Agenda was a citizen led effort bringing together all of the City’s disparate communities to dream about and develop “21 goals for the 21st Century.” In 1995, out of these visioning sessions, a Housing Action Team organized around three objectives:

1. Establish a clearing house to coordinate affordable homeownership opportunities;
2. Increase the supply of affordable and subsidized housing; and
3. Invest more resources in current housing solutions; create more incentives to develop property.

In March 1996, the Nashville Housing Fund (NHF) is chartered as a “component unit” of the local public housing agency, a separate Nashville Housing Fund Board is appointed, and NHF receives IRS 501(c)3 status in May. Four local banks pledge $250,000 each to capitalize a new affordable housing loan fund. Eight additional banks soon follow with similar investments. In September 1996, NHF makes its very first downpayment assistance loan to a qualified low to moderate income family.

In 1999, NHF legally separates from the public housing agency becoming a separate legal entity, the “big 4” banks increase their investments to $1 million each, and NHF applies to the U.S. Department of Treasury for status as a Community Development Financial Institution (CDFI). Concurrently NHF applies for and in 2000 receives $2 million in CDFI funds, which are matched by locally raised funds from the Metropolitan Government of Nashville-Davidson County and other local sources. With these funds, in 2001, NHF starts its Development Loan Program financing the construction of affordable homebuyer and rental housing developments and expands its existing Downpayment Assistance Loan Program.

In 2002, NHF outgrows its original offices and applies to the State of Tennessee for Low Income Housing Tax Credits to develop the mixed use Laurel House Apartments with NHF offices on the first floor. The credits are awarded and NHF begins construction of the development in the newly created Gulch Redevelopment District. In 2004, NHF moves to Laurel House, becoming the first new residential development in the District.

In 2005, the NHF Board votes to expand outside Davidson County and changes the organization’s name to The Housing Fund (THF). THF now offers development loan services to the surrounding counties comprising the Metropolitan Statistical Area. In 2006, THF opens an office in Clarksville, Tennessee at that city’s request, staffing it with a Loan Specialist and Program Coordinator. In 2007, THF hires a Director of Regional Services, opens an additional office in Bowling Green, Kentucky servicing a three county region, and enters into an agreement with the City of Franklin, Tennessee.

In 2010, following devastating flooding in Nashville-Davidson County that damaged over 11,000 properties, THF, working the Metropolitan Government and the Metropolitan Development and Housing Agency, leads a flood recovery program for impacted homeowners that ultimately distributes over $13 million in federal disaster recovery funds. During that same period, THF successfully authors a $30 million application for Neighborhood Stabilization Program (NSP) funds from the U.S. Department of Housing and Urban Development and joins a local consortium of non-profit agencies developing and redeveloping foreclosed and vacant properties.

In 2013, the flood recovery and NSP programs end. In their wake, THF expands its product offerings and mission from assisting low to moderate income homebuyers and affordable housing developers to include meeting broader community development financing needs, receiving a $1.3 million CDFI fund award to assist homeowners with energy-saving retrofit and repair projects and to develop real estate based loan programs for community facilities and neighborhood businesses. In early 2014, THF receives statewide FHA certification and has begun offering its homebuyer assistance programs throughout Tennessee.

Today, with a dedicated and experienced staff and an effective and engaged Board of Directors, THF continues to be a regional leader in affordable housing and community development initiatives and policy development. With celebrating its 20th anniversary, The Housing Fund is a certified and growing Community Development Financial Institution with an exceptional industry rating and over $24 million in total assets. As it has through its history, THF continues to find innovative ways to meet the financial needs of the communities it services.