Housing

Tennessee has a critical shortage of housing – only six homes have been built for every 10 new jobs created in the state over the past decade, contributing to a significant housing gap. With the recent approval of HB 2623/SB 2496, local jurisdictions will now have the ability to provide voluntary zoning incentives to promote housing development that is affordable, relieve the pressure of the current housing market by increasing housing supply, and encourage a higher rate of housing construction in line with job growth. Our policy brief describes what Tennessee cities need to know about the availability of this new tool, including the types of incentives that can be offered through voluntary incentive programs and the process for implementing those incentives.

The Housing Resource Guide for Faith-Based Institutions is a guide designed for faith-based institutions interested in developing their land for affordable housing opportunities in their communities and for their congregations. Affordable housing is a challenge for many cities across the state and it requires all partners to focus and prioritize increasing housing options for all. Identifying land for affordable housing development is typically one of the most difficult steps in these real estate development transactions. Institutions, whether public, academic, healthcare, or faith-based, can play a significant role in expanding housing affordability and mobility given the amount of land they own, their locations, and accessibility to transportation options and services. This guide is to serve as an initial resource for faith-based institutions to support decisions in developing their land, partnerships, and their role in housing affordability discussions across the state.

The guide is developed and written by Holland & Knight Law Firm, the Urban League of Middle Tennessee’s Real Estate Development (R.E.D.) Academy, and ThinkTennessee.

The election of Memphis’ 65th mayor presents an opportunity to leverage regional investments to create sustainable, equitable long-term growth. Smart investments and policies to create safe, walkable neighborhoods and vibrant, mixed-use corridors will connect Memphians to each other and to economic opportunity.

This policy roadmap provides four recommendations to ensure that all Memphis residents benefit from regional economic growth: 1) Create vibrant, walkable neighborhoods with a variety of housing types, safe streets, and more transportation options; 2) Reimagine corridors to connect people and neighborhoods, rather than separate them; 3) Review what is working well and what needs improvement across city departments; and 4) Dedicate more funding for multimodal transportation and affordable housing.