RS2026-2233
Resolution
A 224-unit apartment complex on Liberty Lane called Five String Flats would receive a property tax break under a payment-in-lieu-of-taxes (PILOT) agreement. All units would be restricted to renters earning 60% or less of the area median income, which in 2026 means up to $48,780 for individuals or $69,660 for a family of four. Instead of roughly $635,000 in annual property taxes, the developer would pay $33,600 in the first year, rising 3% annually over a 10-year term.
Sponsors
Primary sponsor · District 10
Co-sponsors (3)
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 0, 127, 131, and 135 Liberty Lane known as Five String Flats.
Attachments
Data sourced from Nashville Metro Council Legistar. Last updated: September 8, 2026