RS2026-2359

Resolution

This allows the Metropolitan Development and Housing Agency to accept reduced property tax payments from the developer of Parkwood Villa, a 160-unit affordable apartment complex being rehabilitated at 3258 Brick Church Pike. Instead of paying full property taxes, the developer will make annual payments starting at around $200,920, with a 3% increase each year over a 10-year period, saving the developer roughly $950,000 total. All 160 units will be reserved for individuals and families earning 60% or less of the area median income.

Passed · Nov 5, 2026 · Introduced Oct 23, 2026 · View on Legistar

Sponsors

Jason Spain
Jason Spain

Primary sponsor · District 35

Co-sponsors (3)

Rollin HortonRollin Horton
Jennifer GambleJennifer Gamble
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 multifamily housing project located at 3258 Brick Church Pike known as Parkwood Villa.

Data sourced from Nashville Metro Council Legistar. Last updated: November 6, 2026