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More than $4 million in grant money is heading to The Metropolitan Development and Housing Agency to help increase housing equity in Nashville. The funds will be used to serve nearly 2,000 families with children under 13.
Minneapolis area-based Dominium is seeking to undertake the 255-unit project at
900 Dickerson Pike. The company recently landed the MDHA Joint Finance and Development Committee related to a payment in lieu of taxes (PILOT) agreement with Minneapolis area-based Dominium. The approval will allow MDHA to provide the company tax abatements in an equity amount of about $17.97 million.
Of note, the property sits at the intersection of Dickerson and Cleveland Street, with the latter to be extended under the interstate to connect to River North and the East Bank in a move related, in part, to the future Oracle campus project.
Dominium will still need full MDHA Board of Commissioners approval in June. The company will go before the MDHA Design Review Committee on Tuesday to seek approval of the project concept plan and exterior design.
A Seattle company is planning a 255-unit affordable housing development for a Dickerson Pike site.
The Metropolitan Development and Housing Agency Joint Finance and Development Committee on Tuesday approved a payment in lieu of taxes (PILOT) agreement with Vitus Group. The approval will allow MDHA to provide the company tax credits in an equity amount of about $17.97 million, with the project to unfold at
Vitus will still need full MDHA Board of Commissioners approval in June.
Founded in 1993, Vitus notes on its website it has preserved more than 100 affordable properties in 22 states. In Tennessee, the company has been involved with affordable housing efforts in Alcoa and Chattanooga.
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David Buck Dellinger is returning to the Clarksville area as CEO of the Clarksville-Montgomery County Economic Development Council.
Dellinger was named to the position Thursday afternoon in a special-called board of directors meeting, a move which ended a troubling two weeks for the county’s leaders in economic and industrial development.
Dellinger served in the U.S. Army from 1988-2017, including as garrison commander of Fort Campbell (2012-15). I think he s very qualified and has a lot of experience, said EDC Board chairperson Suzanne Langford. That was one of the things that set him apart.
EDC officials said Dellinger was selected from among 74 applicants after a nationwide search. He replaces former EDC CEO Jeff Truitt in the role.