The Housing Fund Opens New Permanent Headquarters in Madison, Tenn.
Community Leaders, Elected Officials Cut the Ribbon on a Renovated 1009 Gallatin Pike South
MADISON, Tenn.— The Housing Fund –a nonprofit Community Development Financial Institution working statewide to increase homeownership and access to affordable housing among low-to-moderate-income Tennesseans– cut the ribbon on its new office space at 1009 Gallatin Pike South in Nashville’s Madison neighborhood.
The Housing Fund acquired the 1009 building in 2022 and began planning for a total renovation of both the interior and exterior. Construction began later that same year and was completed in June 2023. The 1800 sq. ft. interior features an expansive guest lobby, coworking spaces, small and large conference rooms, four enclosed offices, and an employee breakroom. Architectural services were provided by Baker Berrios. Construction services were provided by FRWD Construction with Maria Harris serving as contracted project manager.
“We’re excited to begin serving clients and delivering on our mission from our new state-of-the-art, brick-and-mortar headquarters,” said President and CEO Marshall Crawford. “We worked with Baker Berrios to design a modern, intentional space where our staff of 15 would feel comfortable and creative, our clients would feel welcome and special, and that our investors, sponsors and partners could be proud of.”
“This quadrant of Davidson County both desires and needs more units of affordable housing,” said Crawford. “Bringing our physical presence to Middle Tennessee’s northeast corridor also aligns well with investments we’re already making in the area.”
The July 13th Open House and Ribbon Cutting was attended by THF investors, supporters, clients, and partners. Elected officials in attendance included: Former Metro-Nashville Mayor Bill Purcell, State Representative Anthony Davis, Metro-Nashville Councilmember (District 7) Emily Benedict, Metro-Nashville Councilmember (District 8) Nancy VanReece.
“As a real-estate professional and Councilmember who works extensively with neighbors and developers on shaping the future of a growing Nashville, I know firsthand how much we need smart, dedicated nonprofit partners to step up to build and preserve affordable housing for limited-income people,” said Emily Benedict, the Metro-Nashville Councilmember for District Seven, where The Housing Fund’s new permanent headquarters is now located. “The Housing Fund has a demonstrated track record for doing just that and I look forward to a flourishing partnership.”
“I’m thrilled to see a former title-loan and quick check-cashing operation on Gallatin Pike get transformed into a gorgeous new office space for knowledgeable professionals whose work is dedicated to helping –not hurting—the financial stability and progress of low-to-moderate income people,” said Anthony Davis, State Representative for Tennessee House District 51.
Pinnacle Financial is a major investor in The Housing Fund’s lending programs, including Down Payment Assistance, home renovation, and Shared Equity loans. Beth Deering, Senior Vice President for Pinnacle Financial, spoke at the July 13 ribbon cutting event: “We at Pinnacle are proud to be partners with The Housing Fund as investors both in their new building, as well as in their core mission and loan products to help Tennesseans of all incomes to access and sustain the American dream of homeownership.”
“Business leaders in this area have no doubt that The Housing Fund’s physical presence here will bring further investment, commercial activity, and revitalization to Madison and the Gallatin Pike corridor, thus enhancing our community’s design, safety, affordability and livability,” said Laura Knotts, President of the Madison Rivergate Area Chamber of Commerce.
About The Housing Fund:
As a nonprofit Community Development Financial Institution, The Housing Fund provides resources and creative leadership to help individuals and communities create and maintain affordable and healthy places in which low- and moderate-income people live. Since 1996, THF has lent over $75 million, leveraging over $400 million in private financing to build or preserve more than 4,900 units of affordable housing. Approximately 3,500 first-time homebuyers have received over $25 million in down-payment assistance loans from The Housing Fund, and THF has applied more than $47 million in financing so that individuals and organizations could purchase, rehabilitate, or construct homes for low- and moderate-income families. To help meet community needs around rising unaffordability and minimize displacement of lower-income households, THF’s services have expanded into property acquisitions, stewardship of Metro-Nashville’s inaugural Community Land Trust, home rehabilitation and weatherization, and tax relief.
