RS2026-2234
Resolution
MDHA would enter a 10-year payment-in-lieu-of-taxes (PILOT) agreement with Trinity Community Housing, LP for a 22-unit affordable apartment project at 204 E Trinity Lane, where all units are restricted to households earning 60% or less of the area median income. Instead of full property taxes, the developer would pay $8,503 in the first year, increasing 3% annually, saving the developer about $26,000 in the first year alone. Over the 10-year agreement, Metro would receive roughly $97,000 in PILOT payments while abating about $248,000 that would otherwise have been owed.
Sponsors
Primary sponsor · District 5
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 204 E Trinity Lane known as Trinity Community Housing.
Attachments
Data sourced from Nashville Metro Council Legistar. Last updated: September 8, 2026