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Committee advances $10 million THDA pilot to spur workforce housing
Summary
The committee approved House Bill 25‑09, a pilot program directing $10,000,000 through the Tennessee Housing Development Agency for public‑private workforce housing projects targeted at 80–150% of area median income; sponsor said funds will be split among the three grand divisions.
Chairman Faizon, sponsor of House Bill 25‑09, described the legislation as a pilot program administered through the Tennessee Housing Development Agency (THDA), saying it would "put $10,000,000 in their coffers that will be split evenly among the $3 divisions to allow some incentives for affordable housing." He told the committee the program would target families earning roughly 80–150% of area median income and prioritize projects near employment centers.
Representative Bridal asked for more detail on how incentives would operate; Faizon said the bill aims to enable public‑private partnerships with fiscal incentives and loans and that priority would go to jurisdictions that adopt local incentives and produce at least 80% affordable workforce units. The committee voted 21 ayes and 1 present not voting to move the bill to government operations.
