Rules & Regulations of the State of Tennessee
Title 0770 - Housing Development
Chapter 0770-06-05 - Grant Program
Section 0770-06-05-.05 - SALES PRICE AND RENTAL LIMITS
Universal Citation: TN Comp Rules and Regs 0770-06-05-.05
Current through December 26, 2024
(1) Local housing programs shall establish sales price and rent limitations for each program provided that:
(a) The sales price limit shall
not exceed the limit established for the LIFT Single Family Homeownership
Program;
(b) The annual rent
received by the property owner from the occupant shall not exceed 30. of the
income limit for a very low income household adjusted by family size.
Authority: T.C.A. § 13-23-115(18).
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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