NASHVILLE, Tenn. – A ribbon-cutting was held Tuesday for a newly built, affordable housing community in the Bordeaux area.
Nashville Mayor Karl Dean was on hand for the ceremony at Hallmark Station. The $9.5-million project went in on a vacant lot near West Hamilton Avenue, which was greatly impacted by the May 2010 Flood.
“These homes fill a critical need in Nashville – affordable rental housing for families. And for those who struggle to make ends meet, Hallmark Station will be a welcome opportunity for a quality home they can afford,” Mayor Dean stated.
Fifth Third Bank played a major role in this project. The bank’s President and CEO Don Abel said he remembers volunteering for clean-up duty on West Hamilton after the flood.
“And I don't know if any of you have crawled up under the foundation of house and removed floodwater from air ducts that had been sitting in those ducts for about three or four weeks, but it’s quite a memorable experience… I assure you,” Abel told the crowd.
Abel added that the impact of the flooding makes it even more meaningful to bring affordable housing to the neighborhood.
The project created an 18 building, 66-unit mix, which includes 39 two-bedroom and 27 three-bedroom apartments available to residents earning 60 percent or less of the area median income. That means a family needs to make $27,000 or less to apply, according to statistics.