Housing - As introduced, 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 whose total annual household income does not exceed 150 percent of area median income; prioritizes projects that set asid...

Summary

The bill establishes a state‑run pilot program that can lend money to public‑private partnerships building or rehabilitating housing affordable to households earning up to 150% of area median income. It targets essential‑services personnel and requires projects to set aside most units for these workers, with at least one project in each of the three grand divisions. The program aims to leverage local incentives and private resources to address housing shortages for key workers.

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

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