Amends TCA Title 7, Chapter 53; Title 13; Title 48, Chapter 101, Part 3; Title 56 and Title 67.
Tennessee SB2410 establishes a community workforce housing innovation pilot program, administered by the Tennessee Housing Development Agency, to provide loans for the construction or rehabilitation of workforce housing across the state's three grand divisions. The program targets natural persons or families with an annual household income not exceeding 150 percent of the area median income and prioritizes projects that allocate at least 80 percent of units for workforce housing. This bill aims to enhance affordable housing options in Tennessee.
Tennessee SB2410 establishes a community workforce housing innovation pilot program, administered by the Tennessee Housing Development Agency, to provide loans for the construction or rehabilitation of workforce housing across the state's three grand divisions. The program targets natural persons or families with an annual household income not exceeding 150 percent of the area median income and prioritizes projects that allocate at least 80 percent of units for workforce housing. This bill aims to enhance affordable housing options in Tennessee.
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