HB0863Enacted

Amends TCA Title 5; Title 6; Title 7; Title 8; Title 9; Title 10; Title 13 and Title 67.

Tennessee HB0863 amends various sections of the Tennessee Code Annotated (TCA) related to local government and housing. The bill primarily affects multi-family housing developments constructed under a voluntary attainable housing incentive program by revising the requirement for deed restrictions to ensure affordability for a minimum of 30 years, rather than in perpetuity. This change aims to provide more flexibility in the management of affordable housing initiatives.

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Overview

Tennessee HB0863 amends various sections of the Tennessee Code Annotated (TCA) related to local government and housing. The bill primarily affects multi-family housing developments constructed under a voluntary attainable housing incentive program by revising the requirement for deed restrictions to ensure affordability for a minimum of 30 years, rather than in perpetuity. This change aims to provide more flexibility in the management of affordable housing initiatives.

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Sponsor

Faison, Jeremy

Details
Session

114th General Assembly

Introduced

February 4, 2025

Last Action

May 8, 2025

Pub. Ch. 348

Subjects
Planning, PublicLocal Government, GeneralMunicipal GovernmentMetropolitan GovernmentCounty Government

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