The Metropolitan Development and Housing Agency might be required to file for bankruptcy protection for its Rolling Mill Hill-based affordable housing apartment buildings Ryman Lofts and Nance Place, Nashville Public Radio’s Bobby Allyn reports.
The Office of the Davidson County Assessor of Property has sent MDHA a tax bill of $376,364, despite the housing and development agency's having expected the same tax-exempt status for the two properties as it has received for similar developments, according to NPR.
Given that MDHA’s ownership of Ryman (seen below on top) and Nance (seen below on bottom) involves a for-profit partner, the assessor’s office is billing them for property taxes. Read more from Allyn here.
POSTDATA: WARRANTY DEEDS