Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-04-02 - Homeownership Program
Section 0770-04-02-.23 - SALES PRICE LIMITS
Universal Citation: TN Comp Rules and Regs 0770-04-02-.23
Current through September 24, 2024
In no event shall the sales price limit for new construction or the value after substantial rehabilitation exceed $45,000.00 (forty-five thousand dollars). Such limits may be modified from time to time by the Board of Directors provided that the County Commission shall have first passed a resolution requesting such action. A local government administering its own program may allow for a 10% adjustment in locally designated target areas.
Authority: Public Acts of 1986, Chapter 510.
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