Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-01-04 - Rental Housing Loan Program
Section 0770-01-04-.05 - ANCILLARY FACILITIES

Universal Citation: TN Comp Rules and Regs 0770-01-04-.05
Current through September 24, 2024

To the extent economically feasible and appropriate to the proposed housing development and the neighborhood or market area in which it is to be located, the Agency will encourage the coordinated planning and development of administrative, community recreational, commercial, and other non-housing facilities in conjunction with housing developments it finances. However, the Agency's notes and bonds are required to be issued primarily for housing purposes, and the Agency staff and Agency Board will exercise reasonable judgement in reviewing and approving applications for proposed housing developments in which such ancillary facilities constitute a portion.

Authority: T.C.A. § 13-23-115(18).

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