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Governor proposes starter-home revolving loan fund, rural housing tax credit and water strategy; urges Farmland Conservation Act
Summary
Governor Bill Lee proposed a $60 million starter-home revolving loan fund, backed a rural and workforce housing tax credit, proposed $100 million for a regional water supply strategy to preserve the Duck River, and urged passage of a Farmland Conservation Act to help preserve farm acreage.
Governor Bill Lee said Tennessee faces rapid population growth and a loss of starter homes and proposed several measures to increase housing supply and protect farmland.
"So first, we're proposing a $60,000,000 starter home revolving loan fund. This self sustaining program will provide 0% interest construction loans for the building of a new single family home. Second, we're…
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