Pinnacle Financial Partners

In 1996 the Housing Fund was created; they are a group which assists first time homebuyers in putting a down payment on their homes.[10] On July 21, 2021, Pinnacle Financial Partners gave a $10 million investment towards their Shared Equity Program. This program provides low income individuals and families with the opportunities and means to buy their first home; by increasing homeownership to previously underserved and marginalized communities, there is a positive push towards increasing the accessibility and affordability of houses. The program is split into three parts: the homebuyers must be able to pay 1% of the price of the home, the program pays for 35%, and the loan from Pinnacle supplies the last 74%.[11] As time goes on, the homeowners can steadily pay off the loan. This was somewhat modeled off of the concept of limited equity in order to build up the wealth for lower income people, allowing them to obtain access to opportunities that would result in an increase in wealth and prosperity.[12]  

This program has many similarities to a typical community land trust.[13] Additionally, this process disincentives gentrification and housing displacement, and creates a healthy foundation for affordable housing.

Although this is a positive way to help make first-time home buyers' experiences easy, there is some criticism and push backthat comes with any endeavor like this. In theory, this program helps people earn self-reliance, but it does not work with the larger issue on hand; Nashville is a growing city, and with that massive influx in people comes an increase in taxes, and a huge boom in prices. If the respective prospective homebuyers are edged out of their land, then they are yet again forced to the suburbs, and cannot reap the benefits of this cutting edge program.