The Role of Anchor Institutions in Advancing Affordable Housing in Nashville

Metro Nashville’s recent growth has spurred an economic development boom, strained the city’s housing supply, and rapidly increased housing costs. To meet housing demand, the city’s Affordable Housing Task Force estimates that Nashville must add over 53,000 new housing units by 2030. Of these, 18,000 would need to be affordable for households earning below 80 percent of the area median income, or up to $79,850 for a family of four in 2023.

Nashville can make more land available for affordable housing by promoting and facilitating housing development on land owned by local institutions, including academic, faith-based, and healthcare organizations. As community anchors, these institutions can affect and are affected by, Nashville’s housing dynamics.

Also Read: Integrated Model of Affordable Housing Delivery for the City of Windhoek