It is declared to be the policy of this state that each housing authority shall manage and operate its housing projects in an efficient manner so as to enable it to fix the rentals for dwelling accommodations at the lowest possible rates consistent with its providing decent, safe and sanitary dwelling accommodations, and that no housing authority shall construct or operate any such project for profit, or as a source of revenue to the city. To this end, an authority shall fix the rentals for dwellings in its projects at no higher rates than it shall find to be necessary in order to produce revenues which, together with all other available moneys, revenues, income and receipts of the authority from whatever sources derived, will be sufficient to:
Structure 2021 Tennessee Code
Title 13 - Public Planning and Housing
Chapter 20 - Housing Authorities Law
Part 4 - City Housing Authorities
§ 13-20-404. Authority a Public Body Corporate
§ 13-20-407. Contracts of Authority — Validity
§ 13-20-409. Duty of the Authority and Commissioners
§ 13-20-410. Interest of Commissioners or Employees in Contracts
§ 13-20-412. Reports and Recommendations
§ 13-20-413. Housing Projects — Operation Not for Profit
§ 13-20-414. Action of City or Municipality by Resolution
§ 13-20-415. Operations of Authority in Other Municipalities or Counties
§ 13-20-416. Findings Required for Authority to Operate in Municipality