Funding Amount

Not stated

Deadline

Deadline not published

Grant Type

Foundation

Overview

Geographic Scope: Nashville and Davidson County, Tennessee

Focus Areas: Affordable housing development

Loan Products:

  • Acquisition loans
  • Bridge loans
  • Predevelopment loans
  • Supporting both creation of new affordable housing and preservation of existing homes at risk of redevelopment

Fund Details:

  • Initial capital raised: $76 million
  • Current portfolio: 526 affordable housing units with $12.6 million in cumulative closed loans
  • Recent activity: Closed on five loans totaling $11.2 million in last two months (as of February 2026)

Key Projects Supported:

  • Madison Station: $2 million bridge loan supporting 221 affordable homes for families and seniors
  • Renaissance on Jefferson: $2.6 million in loans supporting 66 mixed-income homes (40% at 75% or less of area median income) in historic Fisk/Meharry district

Eligible Applicants: Mission-aligned developers working to preserve and expand affordable housing across Nashville and Davidson County

Partners: Metropolitan Government of Nashville and Davidson County, Community Foundation of Middle Tennessee

Day-to-Day Management: Forsyth Street Asset Management, in collaboration with the Community Foundation of Middle Tennessee and Pillars Development

What The Community Foundation of Middle Tennessee Inc actually gave

Source: IRS Form 990, 2024

Grants in 2024
2,450
Total given
$107.11M
Median grant
$8,500
Range
$4,999–$19.5M
  • By dollars: Tennessee 76%, Illinois 5%, California 2%. Top recipient cities: Nashville, TN; Memphis, TN; Franklin, TN.
  • 13% of grants with a stated purpose were for general or operating support.
  • 42% of recipients were new grantees, not repeat recipients.

Example grants

  • The Nashville Catalyst Fund · Nashville, TN

    To support affordable housing in nashville

    $19.5M

  • Feeding America · Chicago, IL

    To support disaster relief efforts

    $5M

  • Montgomery Bell Academy · Nashville, TN

    For undesignated support

    $4.5M

  • Austin Peay State University Foundation · Clarksville, TN

    Donation to apsu foundation

    $2M

  • Nashville Police Public Safety Alliance · Nashville, TN

    Distribution now that nppsa has its own 501c3. this is bulk of funds--one more final…

    $1.64M

IRS Form 990, 2024. Amounts as reported by the funder. Full 990 history →

Focus Areas & Funding Uses

Fields of Work

  • Affordable housing
  • Housing

Categories

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