RS2026-2232

Resolution

This resolution lets the Metropolitan Development and Housing Agency enter into a payment-in-lieu-of-taxes (PILOT) deal for a new 244-unit affordable apartment complex at 2500 Buena Vista Pike called Encore on Buena Vista. All units would be reserved for residents earning 60% or less of the area median income. Instead of full property taxes, the developer would pay $36,600 in the first year after completion, rising 3% annually over a 10-year period, with the rest of the tax bill abated to help keep the project financially viable.

Passed · Sep 1, 2026 · Introduced Aug 21, 2026 · View on Legistar

Sponsors

Kyonzte Toombs
Kyonzte Toombs

Primary sponsor · District 2

Co-sponsors (3)

Rollin HortonRollin Horton
Jason SpainJason Spain
Burkley AllenBurkley Allen

As filed on Legistar

A resolution authorizing the Metropolitan Development and Housing Agency to negotiate and enter into a PILOT Agreement and accept payments in lieu of ad valorem taxes with respect to a multi-family housing project located at 2500 Buena Vista Pike known as Encore on Buena Vista.

Attachments

PDFAgreement

Data sourced from Nashville Metro Council Legistar. Last updated: September 8, 2026