Authorizes Tennessee Housing Development Agency to allocate tax credits for low-income housing.

This resolution authorizes the Tennessee Housing Development Agency to allocate tax credits for low-income housing. It specifies that $10,000,000 per year will be available for ten years, starting in 2026 and 2027. At least 50% of these credits must be allocated to projects in eligible rural areas. The agency will follow a qualified allocation plan developed under the Internal Revenue Code.

Authorizes Tennessee Housing Development Agency to allocate tax credits for low-income housing.

This resolution authorizes the Tennessee Housing Development Agency to allocate tax credits for low-income housing. It specifies that $10,000,000 per year will be available for ten years, starting in 2026 and 2027. At least 50% of these credits must be allocated to projects in eligible rural areas. The agency will follow a qualified allocation plan developed under the Internal Revenue Code.