The city of Franklin is looking for a developer to build “attainable housing” at the city-owned property at 405 N. Fifth Ave. known as The Hill.
The Franklin Board of Mayor and Aldermen passed a resolution 7-1 on March 9 authorizing city staff to seek letters of interest from developers.
“We’re just testing the waters,” Mayor Ken Moore said in the meeting. “Just putting our toe in the water and seeing if it’s hot or cold.”
Ward 2 Alderperson Dana McClendon called the property a “pilot project” he hopes can demonstrate that affordable workforce housing “can be done in a way that nearby neighborhoods will not only not oppose it, but will embrace it.”
Attainable housing is housing that can be afforded by families who make no more than $89,880 per year, or 120 percent of the median income of the Greater Nashville, Murfreesboro and Franklin area, which is $74,900.
In March, the median home price in Williamson County was $490,000 according to the Williamson County Association of Realtors.
Two design options for the development were presented to the board in March.
Option one includes 29 townhomes and two eight-unit “big houses,” while Option two includes 29 townhomes and one eight-unit big house plus a two-story civic building, which would house a nonprofit or community center.
Developers will submit their plans for either or both options, and the board will select among them at a later date.
Also during the meeting, the board also rejected a plan for the Carothers Chase subdivision upon hearing the concerns of nearby residents regarding blasting.