Establishes a pilot program to provide affordable housing for essential services personnel in Tennessee.
The bill creates a community workforce housing innovation pilot program to offer affordable rental and homeownership housing for essential services personnel. It defines essential services personnel and workforce housing, and outlines criteria for project selection and funding. The program aims to address housing needs in areas with significant income disparities and population growth. The Tennessee Housing Development Agency will administer the program, establish a loan application process, and provide incentives for local governments to use affordable housing funds.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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