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TACIR housing panels highlight subsidies, TIFs and shared-equity models as tools to address affordability
Summary
Panelists and local officials told TACIR that rapid population growth and rising home prices are squeezing affordable housing across Tennessee; speakers emphasized subsidies, targeted TIFs, zoning and shared-equity models, and flagged short-term rentals as a growing constraint on local housing supply.
A multi-city panel convened by the Tennessee Advisory Commission on Intergovernmental Relations examined causes and possible policy responses to worsening housing affordability under House Joint Resolution 139. Panelists from Knoxville, Rutherford County, Chattanooga, Jackson, Nashville and Memphis described local approaches and the trade-offs officials face.
Ben Bentley of the Knoxville Community Development Corporation said his agency both manages about 4,000 affordable units and underwrites roughly $150 million in new development; he described local incentive screening and the need to reduce regulatory hurdles when appropriate. “We kick the tires on the financial assessment on the front end to really make sure that there is a need for those incentives,” Bentley said.
Mayor Joe…
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