Latest news with #U.SCensus
Yahoo
3 days ago
- Business
- Yahoo
Population growth attracts new businesses to La Vergne
LA VERGNE, Tenn. (WKRN) — According to the U.S Census data, 38,000 people called La Vergne home in 2020. Now, the city has 42,000 residents, with Mayor Jason Cole only expecting that number to grow. As people continue to choose La Vergne, more and more businesses are opening in the city. On Wednesday, May 28, Chipotle opened its doors. Meanwhile, an Aldi grocery store opened just a month ago. These are just two examples of the many stores setting up shop in the area. SEE ALSO | New mixed-use development could come to La Vergne Mayor Cole told News 2 that approximately 11,000 homes are set to be built at the intersection of Waldron Road and Blair Road. In addition, the surrounding road is set to become five lanes, which are all examples of how a city—known as the Gateway to Rutherford County—is becoming a growth hotspot. 'We see Nashville pushing out due to high taxes, at the same time we see people moving in from other states like California, Texas and New York,' Cole said. 'Then we also have a group that's moving from outside the country, we've got residents that I've that are naturalized citizens from Iraq, Afghanistan and different parts of the Middle East.' However, the challenge the city is reportedly facing revolves around improving city services, such as fire and police. Cole said he expects the city to reach a population of 60,000 people in the next 10 years, which will spur even more restaurants, retail and other industries to the area. 'This is the hot bed of Middle Tennessee,' Cole added. 'I can see future boards building upon our successes and bringing in other retail, bringing in more quality and setting new standards beyond what we've set.' ⏩ To give a perspective of how La Vergne has changed, Cole said he remembers when his community only had one yellow light when he first moved to the city 35 years ago. Now, city council has given Starbucks the green light for construction, and Panda Express is reportedly on its way for development. Also, many city services are relocating to the new Public Works and Community Development Services Facility. To learn more about La Vergne's future growth, . Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21-03-2025
- Business
- Yahoo
City of Tacoma contributes $6M for affordable housing. Here's which projects will benefit
The Tacoma City Council has approved $6.9 million for new affordable-housing projects, totaling a more than $27 million investment over the past five years. According to the city, the collective $27 million investment will help create 724 units of affordable housing. During its March 18 meeting, the Tacoma City Council approved an amendment to the Affordable Housing Fund agreement with the Tacoma Community Redevelopment Authority. The amendment contributes more than $6.9 million to three additional affordable housing projects. The projects and investments include: $1 million to Mercy Housing Northwest's Aviva Crossing near Tacoma Community College. According to the City of Tacoma, the funding will help create 129 units of affordable housing. $3.7 million to HumanGood Affordable Housing's South Yakima Senior Housing facility. The funding is expected to create 66 units of housing. $2.2 million to Mercy Housing Northwest for 80 units of affordable housing at a development referred to as 35th and Pacific Maria Lee, a spokesperson for the City of Tacoma, said the money will go toward the 'construction phase' of the projects. The projects were selected through an application process in 2024 administered by the Tacoma Community Redevelopment Authority. According to Lee, the city committed an additional $6 million to Aviva Crossing through a similiar funding oppurtunity in 2023. Lee said the priorities for affordable-housing projects are consistent with priorities previously identified by the Tacoma Community Redevelopment Authority. According to a city memo, households served by the projects must have incomes below 60% of Area Median Income (AMI), and some projects include lower income limits, such as below 50% AMI or below 30% AMI. Tacoma's AMI is $83,857 per household, according to the most recent U.S Census data from 2023. According to a memo from the city, a goal is to 'decrease the percentage of individuals who are spending more than 45% of income on housing and transportation costs,' a burden felt disproportionately by Tacoma's Black and Pacific Islander households. 'As of the last reported U.S. Census Bureau American Community Survey 5-Year Estimates, 51% of people in Tacoma are experiencing renter cost burden, meaning they pay more than 30% of income on monthly housing cost expenses,' the city's memo states. Money for the projects comes from the city's Affordable Housing Fund, which raises money through sales-tax revenue. One-time general fund contributions can also be allocated to the Affordable Housing Fund periodically by the City Council. The fund contributes to contracts which can extend to 2031. Completed projects funded by Tacoma's Affordable Housing Fund include: The Shiloh New Life Apartments operated by Shiloh Baptist Church which the city committed more than $4.4 million towards to create 60 affordable housing units. Tahoma Place operated by the Korean Women's Association, which received more than $1.9 million to create 87 affordable housing units. Other projects that have received committed funding from the Affordable Housing Fund are still under construction or in pre-development. Some of those projects are: Patsy Surh Place, for which the Low Income Housing Institute received more than $1.4 million from the city to create 77 units. Viridian Grove, for which Southport Construction received $2 million from the city to create 98 units. Lincoln District Family Housing, for which the Low Income Housing Institute received $4 million to create 72 units.
