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Franklin Planning Commission looking into moratorium on future apartments
Nashville Tennessean
During a joint work session with the Franklin Board of Mayor and Alderman and the city Planning Commission, one commissioner raised a question about whether the city could legally issue a moratorium on multifamily housing.
The question was brought by Commissioner Marcia Allen and came amid a conversation about the number of multifamily and single-family residences currently in the city.
As it stands, Franklin has about 8,000 multifamily units and more than 20,000 single-family homes. The average price of a Franklin home sold in January is $550,000, according to Redfin, a website that posts real estate listings.