WHAT IS PREDATORY DEVELOPMENT?

It's when speculators overpay for affordable housing with borrowed money, convert it to housing for rich people, and flip it to new buyers for a quick profit.

If speculators succeed, tenants lose their homes and Nashville loses affordable housing.

If speculators fail and can't pay their mortgages, the buildings go into foreclosure. Tenants lose their homes and Nashville loses affordable housing anyway.

Nobody wins.

 Homes For All Nashville - Predatory Development