NASHVILLE, Tenn. (WKRN) – Nashville rents are pretty high – 8% above the national average, according to Zillow. The Housing Authority is looking to ease some of that rental pain with a voucher program. But first, they want to hear what developers and builders think of the idea.
Rental assistance comes in several flavors. Take Robinson Flats in Old Hickory where tenants pay no more than 30% of their income to live there.
“I think it’s a benefit to keep rents affordable,” said Norman Deep, director of rental assistance, MDHA.
📧 Have breaking news come to you: Subscribe to News 2 email alerts →
Deep oversees two voucher programs, which are federally funded, that keep rents affordable for certain families.
One is called Tenant-based vouchers, and Davidson County has about 5,700 of those units, and the rental assistance money is tied to the tenant.
The other is called Project-based vouchers, which tie the rental assistance money to the developer. There are currently about 1,000 of those.