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 administered by the Tennessee Housing Development Agency. Eligible buyers can receive a grant of up to $20,000 to cover down payments, closing costs, or to lower the mortgage interest rate on qualifying homes. The program aims to make homeownership more affordable for new buyers, especially those meeting federal and agency‑defined criteria.

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

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