$246K in expenses

By blending capital from a range of sources, the fund provides early-stage capital to mission-driven developers to support the preservation and creation of affordable housing supply in nashville.the catalyst fund is a new tool that responds to the specific conditions faced by affordable housing developers trying to increase affordable housing production in nashville. Loan products are tailored to the nashville market and are designed to support the preservation and construction of affordable housing.mission-driven developers that are being outcompeted in the race to preserve older affordable housing buildings and acquire land for affordable housing development will be able to execute a quick acquisition at terms that makes the project financially feasible via the fund's acquisition loan product.the fund provides loan products that are not available elsewhere in the market that can preserve the affordability of housing in an increasingly competitive market. First loss capital from metro enables the catalyst fund to take early-stage risks that other lenders cannot, accelerating the timeline for preservation and creation of affordable housing. In addition, the fund's bridge loan product allows mission-motivated developers to jumpstart their projects without waiting to receive public subsidy or grant proceeds.loan products are specifically designed to include and support non-profit and emerging bipoc developers within the affordable housing sector. The fund is a new source for predevelopment loans that target high-impact projects led by emerging developers.