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TN SB2410
Bill
Status
2/2/2026
Primary Sponsor
Bill Powers
Click for details
AI Summary
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Establishes the Community Workforce Housing Innovation Pilot Program to provide affordable rental and homeownership housing for essential services personnel earning up to 150% of area median income
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Authorizes loans for construction or rehabilitation of workforce housing through public-private partnerships, with applications accepted through March 31, 2027
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Requires at least one funded project in each of Tennessee's three grand divisions (western, middle, and eastern)
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Grants priority to projects setting aside at least 80% of units for workforce housing and 50% for essential services personnel, with potential loan interest forgiveness for qualifying projects
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Requires applicants to contribute at least 10% of development costs or $2,000,000 (whichever is less) and mandates a program effectiveness report to the legislature by January 1, 2029
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 7, Chapter 53; Title 13; Title 48, Chapter 101, Part 3; Title 56 and Title 67, relative to housing.
Housing
Last Action
Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 9, Nays 0 PNV 0
3/10/2026