In order to promote the production of more affordable new housing units for very low, low and moderate income individuals and families in the state, to promote the preservation and rehabilitation of existing housing units for such persons, and to bring greater stability to the residential construction industry and related industries so as to assure a steady flow of production of new housing units, the Tennessee housing development agency is given the power to raise funds from private investors through issuance of its bonds and notes and to use such funds, together with investment income, and moneys from other public and private sources to:
Structure 2021 Tennessee Code
Title 13 - Public Planning and Housing
Chapter 23 - Housing Development Agency
Part 1 - Tennessee Housing Development Agency Act
§ 13-23-102. Fund Raising — Powers — Purposes
§ 13-23-105. Board of Directors
§ 13-23-109. Compensation of Members
§ 13-23-111. Chair and Vice Chair
§ 13-23-112. Officers — Executive Director — Secretary — Audit and Budget Committee
§ 13-23-113. Distribution of Benefits Restricted
§ 13-23-114. Housing Cost Index — Program Becoming Operative
§ 13-23-129. Bonds and Notes as Legal Investments
§ 13-23-130. Supplemental Nature