NASHVILLE, Tennessee — A proposed system of financial incentives designed to spur affordable housing in Nashville has been voted down by the Metro Planning Commission.
Media outlets report that on a six-month deadline, a consultant and Metro planning staff put together a highly technical zoning ordinance. The ordinance set up incentives for developers that build affordably.
During a public hearing Thursday, no one spoke in favor of the policy. Affordable housing advocates said the proposal should have gone further. Others, like Dirk Melton of MarketStreet Enterprises, argued that the proposal would eliminate development bonuses to developers who build eco-friendly buildings or incorporate public parking in projects.
The commissioners said planners were rushed in their work and that Nashvillians need more time to weigh in.
Next month the legislation will go before the Metro Council, who will have the ultimate say.