NASHVILLE, TENN. — Locally based affordable and workforce housing developer Halladay Ventures has secured funding and is expected to break ground in late November on The Opaline, a 251-unit property for renters earning up to 60 percent of area median income. Completion is slated for 2028. The Opaline is the first of three phases of Halladay’s Artist Hill project, a 39-acre master planned community that is projected to include rental and for-sale residential, retail, creative workspaces, green spaces, walking trails and other community amenities. The Opaline’s development site is currently home to the Lotus Learning Center, a childcare center. As part of the project, Halladay will build a new 4,000-square-foot facility.
A variety of public and private funding partners worked together to provide the financing for the project, including support from Amazon, Barnes Housing Trust Fund, Metropolitan Development and Housing Agency, the Metro Nashville Office of Housing, the Tennessee Housing Development Agency, U.S. Bank, Citibank, Stifel Public Finance and Truist Bank.