Housing - As enacted, establishes the community workforce housing innovation pilot program to be administered by the Tennessee housing development agency; authorizes the agency to provide loans to an applicant for construction or rehabilitation of workforce housing in each of the three grand divisions; requires the housing to be affordable to natural persons or families who meet certain criteria. - Amends TCA Title 7, Chapter 53; Title 13; Title 48, Chapter 101, Part 3; Title 56 and Title 67.

Summary

The bill establishes the Community Workforce Housing Innovation Pilot Program, administered by the Tennessee Housing Development Agency, to fund construction or rehabilitation of rental and ownership homes for essential‑services personnel whose income is at most 150% of area median income. It requires public‑private partnerships to apply for loans, sets eligibility criteria, and mandates a review of the program’s results by early 2029. The goal is to increase affordable housing supply where housing costs are highest and population growth is fastest.

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

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