Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
Now law
This is now an official law, recorded in the state's law books.
The governor signed it. Nothing left to watch.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Fiscal Summary STATE GOVERNMENTEXPENDITURESGeneral FundFY26-27 & Subsequent Years$10,000,000 OTHER FISCAL IMPACT It is assumed that any loan payments will be retained and re-utilized by the program. Such reutilization of loan payments may result in a diminishing need for continuing General Fund appropriations in the future years. Local governments may increase contributions to workforce housing projects as a result of the proposed legislation; however, the extent and timing of these contributions cannot be reasonably predicted. Therefore, any permissive increase in local government expenditures cannot be reasonably estimated. Bill Summary This bill establishes the community workforce housing innovation pilot program ("pilot program") to provide affordable rental and home ownership community workforce housing for essential services personnel, using regulatory incentives and state and local funds to promote local public-private partnerships and leverage government and private resources. As used in this bill, "essential services personnel" means persons in need of affordable housing who are employed in occupations or professions in which they are considered essential services personnel, as determined by each county and municipality within its local housing assistance plan, in consultation with the commissioner of labor and workforce development. As used in this bill, "workforce housing" means housing affordable to natural persons or families whose total annual household income does not exceed 150% of area median income, adjusted for household size. LOAN PROGRAM This bill authorizes the Tennessee housing development agency ("agency") to provide pilot program loans to an applicant for construction or rehabilitation of workforce housing in this state. The agency must establish a loan application process that includes selection cri
