BL2026-1516

Bill

Nashville's housing development agency (MDHA) currently reports each year on its tax increment finance (TIF) loans, but this ordinance adds two new requirements. First, the annual report must now include what percentage of total tax increment revenue went toward paying off each TIF loan. Second, if MDHA adjusts the share of tax increment revenue used to repay a loan away from the standard 75% cap, it must notify the Metro Council and Finance Director in writing at the time of that change.

Passed · Sep 15, 2026 · Introduced Aug 11, 2026 · View on Legistar

Sponsors

Burkley Allen
Burkley Allen

Primary sponsor · At-Large

Co-sponsors (4)

Tasha EllisTasha Ellis
Jennifer WebbJennifer Webb
Kyonzte ToombsKyonzte Toombs
Zulfat SuaraZulfat Suara

Timeline

  1. Passed on first reading

    Aug 18, 2026 · Metro Council

  2. Passed on second reading

    Sep 1, 2026 · Metro Council · Consent agenda

  3. Passed on third reading as amended

    Sep 15, 2026 · Metro Council · Roll call vote

    Watch the debate (2 min)

As filed on Legistar

An ordinance amending Chapter 5.06 of the Metropolitan Code of Laws relative to annual reporting for tax increment finance loans.

Attachments

PDFAmendment No. 1 to BL2026-1516

Data sourced from Nashville Metro Council Legistar. Last updated: September 18, 2026