Nashville’s housing challenges are, to a large degree, indicative of our city’s economic success. However, they loom as a barrier to ongoing prosperity. For illustration, in the past decade, rents have increased by 50%. We have seen similar growth in home values, but for renters renewing leases every year, this increased cost burden has negatively impacted quality of life. For those at the lower end of the income spectrum, this may mean an inability to even find housing at all. Additionally, this has created further strain on our city’s Black and Brown families, who have been excluded from full participation in the housing market for decades.
We believe we can tackle this challenge by increasing coordination on the municipal level, investing in more housing, developing new tools, and identifying additional revenue sources. The purpose of this report is to explore these options more deeply and create a blueprint for enacting comprehensive change.
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