Tennessee

Kim Brown Named Chair of Tennessee Housing Development Agency Board of Directors

Governor Bill Haslam has named Memphis-area homebuilder Kim Grant Brown to serve as chair on the Tennessee Housing Development Agency Board of Directors. She chaired her first meeting July 25.

Tennessee: Nashville Projects Increasing Shortage of Affordable Housing

A new report from Mayor Megan Barry’s office says that Nashville’s shortage of affordable rental units is projected to rise to 30,934 by 2025 if more efforts are not taken to create new options for low-income residents.

Tennessee Releases Preliminary Policy Changes to QAP

The public hearing will be held on April 24, at 10am CDT in the Andrew Jackson Building (held concurrently with the Developer Forum).

Judith Smith Retires from THDA

Judith ran the multifamily tax-exempt bond program since her start at THDA in 1999.

Updates on Tennessee Changes Re Application Extension, Sevier County Disaster Relief, and Innovation Set Aside

More color is provided on last week’s report as NH&RA Executive Director Thom Amdur attended the meeting in Nashville.

Tennessee Posts 2017 Final Application, Notes Several Changes

THDA has posted its 2017 Final Application on its website and has noted several changes in the 2017 Application that developers should be aware of.

Tennessee Amends QAP, Extends Application Deadline to May 1

The Multifamily Programs Division is preparing further instructions which will address concerns related to these changes.

Tennessee: Responding to Wild Fires, LIHTC Properties May Lease to Displaced Households Regardless of Income / Transiency Requirements

In an effort to assist displaced households of the Tennessee Wildfires as described in FEMA DR-4293, the Internal Revenue Service has suspended income qualification and transiency requirements for vacant units at Low-Income Housing Tax Credit (LIHTC) properties.