Increases the maximum amount of bonds and notes for the Tennessee Housing Development Agency to $6 billion.
This bill amends Tennessee Code Annotated, Section 13-23-121, to increase the maximum amount of bonds and notes for the Tennessee Housing Development Agency (THDA) from $4 billion to $6 billion. The change aims to provide THDA with greater flexibility to meet the growing demand for below market interest rate loans for low and moderate income Tennesseans. The new limit takes effect immediately upon the bill becoming law.
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