Establishes a process for challenging local rent agency determinations and creates an increased housing program.
The bill amends Tennessee Code to establish a process for challenging local rent agency determinations, including written notice and an opportunity for an administrative hearing. It also creates the increased housing program, administered by the Tennessee housing development agency (THDA), to assist developers and first-time homebuyers in creating more affordable housing. The program includes a revolving fund for grants and gap financing, with preference for applicants in disaster-affected communities. The bill takes effect upon becoming law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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