Nashville, TENN – The nine-person COVID-19 Financial Oversight Committee has approved to make $10 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act funds available to help with mortgage and rent payments for residents of Davidson County.
The news comes as Nashville’s moratorium on evictions lifts at the end of the month.
“As a committee, we decided to prioritize Nashville families and place them first on the list to receive relief. 10 million dedicated to mortgage, rent, and utility relief can make a world of difference during these times for many families,” said Sandra Sepulveda, District 30 Council Member and one of three council members who sits on the Oversight Committee. “We have made a conscious effort to provide support to all in need including our underserved communities.”
District 2 Council Member Kyonzté Toombs feels the the committee made the right decision in their vote. “The Council created the committee to insure transparency and to make sure money gets to the people.” Toombs continued, “the Committee’s recommendation to allocate $10M for rent, mortgage, and utility relief is a step in the right direction.”
Tuesday night the Metro Council will vote on the resolution, allowing for the funds to be distributed residents who have have been unable to make housing payments due to the impact of COVID-19.
“Nashvillians have been through so much in the past couple of months. First, with loss of homes and personal property due to the Tornado and then loss of jobs and businesses due to COVID. It has been difficult to witness,” said At Large Council Member Zulfat Suara. “I am therefore grateful that the government is able to provide “some” relief to help families through these tough times. I am also glad that the CARES Act committee made immediate relief to Nashvillians a priority. Great start. Looking forward to what we can do for our small businesses.”
The money will be distributed by the United Way of Greater Nashville who would divide the funds among several nonprofits. Nonprofits will be responsible to apply for the funds and distribute it to those in need of relief.
According the The COVID-19 Financial Oversight Committee there is a chance that more money could be released for housing assistance in the future.
Update: Wednesday, August 5th, 2020
Tuesday night the Metro Council approved the $10 million in CARES Act funding to help Nashvillians with mortgage, rent and utility relief. The council is hoping the process to apply for funds will begin late August or Early September.