Tennessee Housing Development Agency - As introduced, enacts the "First-Time Homebuyer Assistance Program," which creates a first-time homebuyer assistance program, to be administered by the agency. - Amends TCA Title 5; Title 6; Title 7 and Title 13, Chapter 23.

Summary

The bill establishes a First‑Time Homebuyer Assistance Program run by the Tennessee Housing Development Agency. It provides eligible buyers with a maximum of $20,000 to help purchase a new, owner‑occupied home priced at $450,000 or less. Recipients must repay part of the assistance if they sell or refinance the home early.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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