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THDA board approves Bond Issue 2026-1 and raises line of credit to $100 million
Summary
The Tennessee Housing Development Agency Board approved Bond Issue 2026-1 and authorized raising THDA's line of credit to $100 million during its Feb. 17 meeting, advancing the agency's financing capacity for housing programs.
The Tennessee Housing Development Agency (THDA) Board of Directors voted Feb. 17 to approve Bond Issue 2026-1 and to increase THDA's line of credit to $100 million.
Chair Rick Neal presented the Bond Finance Committee's recommendation and the full Board carried the motion to approve Bond Issue 2026-1. Later in the meeting, Lindsay Hall, THDA's Chief Operating Officer of Single-Family Loan Programs, presented a memo (dated Jan. 13, 2026) recommending an increase to the agency's line of credit; the motion to increase the line of credit to $100 million was made by Corey Divel and seconded by Dan Springer and carried.
The approvals give THDA expanded short-term liquidity and financing flexibility for program activities. Details and supporting memos were provided in the board packet. No dissenting votes were recorded in the minutes for these actions.
