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Preserving affordable housing
Pathway Housing Fund is driving bold action to meet Tennessee’s growing need for safe, affordable homes. Established in 2024, the $30 million fund acquires, renovates, and develops multifamily housing to ensure more residents and families have access to safe housing for the long term.
The Need
As rents rise due to gentrification and market pressures, naturally occurring affordable housing (NOAH) is disappearing. Pathway Housing offers a proactive solution.
As rents rise due to gentrification and market pressures, naturally occurring affordable housing (NOAH) is disappearing. Pathway Housing offers a proactive solution.
Tennessee, like many states, faces a shortage of affordable housing at every income level, especially for low-income households earning up to 30% of the Area Median Income (AMI) and for “Missing Middle” households earning between 80% and 120% of AMI.
Acquire & preserve
multifamily properties at riskSupport Neighborhoods
for generationsEnsure affordability
for the long termModel sustainability
for other communities
Pathway Housing Fund represents a bold step forward in our mission to preserve sustainable communities. By leveraging low-cost capital, Pathway will maintain affordable housing that already exists, protect residents, and create a model other communities can follow.
Pathway's Action
Pathway Housing is initially focusing on acquiring naturally occurring affordable housing (NOAH) and preserving its presence in the market.
Naturally
Occuring
Affordable
Housing
NOAH refers to rental properties where the natural rent rates are affordable, allowing individuals to allocate no more than 30% of their income toward housing expenses.
With $30 Million committed in this fund, backed by leading backs, Pathway will acquire multiple properties a year across Nashville and throughout Tennessee
