Housing - As introduced, enacts the "Affordable Housing and Tenant Protection Act"; allows local governments to adopt ordinances and resolutions to control rent for private residential rental units; creates the increased housing program and increased housing fund; authorizes the Tennessee housing development agency to make grants from the fund to eligible developers and first-time homebuyers to assist in gap financing and down payment assistance. - Amends TCA Title 7, Chapter 53; Title 9; Tit...

Summary

The bill lets city and county governments adopt ordinances that set maximum rents and fees for private residential rentals, after a two‑thirds vote and the creation of a local rent agency. It also creates a state‑run Increased Housing Program that provides gap‑financing grants to developers and down‑payment assistance to first‑time homebuyers, with priority for disaster‑affected areas. The measures aim to address Tennessee’s housing shortage and curb rapid rent increases.

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

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