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SB 1193

Planning, Public - As enacted, revises the present law provision requiring all multi-family facilities, buildings, and structures constructed under a voluntary attainable housing incentive program to be deed-restricted to ensure that the attainable housing continues for at least 30 years, instead of in perpetuity. - Amends TCA Title 5; Title 6; Title 7; Title 8; Title 9; Title 10; Title 13 and Title 67.

114th Regular Session (2025-2026) Introduced by Todd Gardenhire

Tennessee reduces affordable housing deed restrictions from perpetual to 30 years, allowing units to eventually convert to market-rate pricing.

Comp. became Pub. Ch. 348
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Bill Summary · SB 1193

Legislative bill overview

SB 1193 modifies Tennessee's voluntary attainable housing incentive program by reducing the deed restriction period for affordable housing units from perpetual (indefinite) to 30 years. This change applies to multi-family facilities, buildings, and structures developed under the program and affects multiple sections of Tennessee's housing and planning codes.

Why is this important

Deed restrictions are legal mechanisms that lock in affordability protections for housing units. Reducing the restriction from perpetuity to 30 years means affordable units will eventually convert to market-rate pricing after three decades, which affects long-term housing affordability planning and the sustainability of affordable housing stock. This changes the fundamental incentive structure for developers participating in the attainable housing program.

Potential points of contention

  • Affordability timeline concern: Limiting affordability protections to 30 years may be insufficient for creating lasting affordable housing solutions, particularly in markets with strong appreciation pressures where units will quickly revert to unaffordable prices
  • Developer incentives vs. public interest: While shorter restrictions may encourage developer participation in the program by allowing future profit potential, this could undermine the public goal of creating permanent affordable housing stock
  • Equitable access: Communities relying on perpetual affordability protections lose long-term housing security guarantees, potentially disadvantaging lower-income residents and future generations seeking affordable options

Compiled from official sources — confirm details with the bill’s official record.

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