The Franklin Board of Mayor and Aldermen (BOMA) held a work session on April 22, 2025, focusing on funding considerations for the Franklin Housing Authority and related development projects. A key topic of discussion was the potential investment of up to $900,000 in taxpayer dollars to prepare a property for development.

During the meeting, members expressed differing views on the necessity and appropriateness of the proposed funding. One member raised concerns about equating the current project with previous developments, suggesting that the circumstances may not be directly comparable. The discussion highlighted the need for more detailed financial information before making a final decision.

Several members acknowledged the potential for funding opportunities, particularly through Community Development Block Grants (CDBG) and county impact fees. There was a consensus that understanding these funding sources could help reduce the overall financial commitment required from the city.

Alderman Caesar emphasized that the board was not questioning the effectiveness of the Franklin Housing Authority's work but was instead focused on the prudence of investing taxpayer dollars in the project. The board discussed the possibility of adjusting the staff's funding recommendation to allow for a more flexible approach, potentially setting a cap at $650,000, contingent upon further financial analysis and the commencement of construction.

The meeting concluded with a commitment to gather more financial data to ensure that any investment made would be justified and beneficial for the community. The board aims to streamline future discussions by establishing clearer financial parameters, allowing for a more efficient decision-making process moving forward.