Home Repairs
Why Home Repairs
The most affordable home is the one a family already owns
When it comes to addressing the growing affordable housing crisis in Nashville, new construction is only one part of the solution. Preserving the homes of older adult homeowners is a solution with both head and heart: helping our neighbors age in place in the communities where they’ve built their lives is the right thing to do, but it’s also a pragmatic policy choice for Nashville.
Many longtime homeowners are living on a fixed income, which means regular home maintenance needs often go unaddressed. Over years, these issues can make a home unsafe, leaving homeowners vulnerable to displacement. Making these repairs and preserving these existing affordable homes protects longtime residents. Without preservation, we will continue to lose existing affordable units, exacerbating the housing shortage in Nashville.
RTN’s pragmatic approach uses an average of just $24,000 per project to keep one family in their homes by providing essential home repairs. This, compared to $300,000 - a typical cost of building a new single family home of an average size - means that RTN can prevent the displacement of up to 12 families for the same amount of money it would take to build 1 new affordable home.
$573
46%
Median RTN Homeowner Monthly Mortgage Payment
Share of Nashville homeowners who are 55 or older
$1160
38%
Median Monthly Rent Payment for 1 Bed Apartment in Nashville (2024)
Decrease in harmful falls among older adults who received critical home repairs
1/4
24%
Adults over 50 who are unable to pay for home modifications
Share of 55+ homeowners in Nashville that are cost-burdened