KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Tennessee

HB0331 • 2026

Tennessee Housing Development Agency

AN ACT to amend Tennessee Code Annotated, Section 13-23-121, relative to the Tennessee housing development agency.

Housing
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Baum, Haile
Last action
2025-05-08
Official status
Effective date(s) 05/02/2025
Effective date
Not listed

Plain English Breakdown

The bill summary and official text indicate an increase from $4 billion to $5 billion, not $6 billion as initially stated.

Increase in Bond Issuance for Tennessee Housing Development Agency

This bill increases the maximum amount of bonds and notes that the Tennessee Housing Development Agency can issue from $4 billion to $5 billion.

What This Bill Does

  • Increases the limit on how much money the Tennessee Housing Development Agency (THDA) can borrow through issuing bonds and notes from $4 billion to $5 billion.

Who It Names or Affects

  • The Tennessee Housing Development Agency (THDA)

Terms To Know

Tennessee Housing Development Agency (THDA)
A state agency that helps people find affordable homes and provides financial support for housing projects.
Bonds
Financial instruments issued by the government to raise money, which are then paid back with interest over time.

Limits and Unknowns

  • The bill does not specify how THDA will use the additional funds.
  • It is unclear if there will be enough demand for these loans to justify increasing the borrowing limit.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Amendment 1-0 to SB0129

Plain English: The amendment changes a specific amount of money that the Tennessee Housing Development Agency can use from four billion dollars to five billion dollars.

  • Increases the funding limit for the Tennessee Housing Development Agency from $4 billion to $5 billion.

Bill History

  1. 2025-05-08 Tennessee General Assembly

    Effective date(s) 05/02/2025

  2. 2025-05-08 Tennessee General Assembly

    Pub. Ch. 338

  3. 2025-05-08 Tennessee General Assembly

    Comp. became Pub. Ch. 338

  4. 2025-05-02 Tennessee General Assembly

    Signed by Governor.

  5. 2025-04-22 Tennessee General Assembly

    Transmitted to Governor for his action.

  6. 2025-04-22 Tennessee General Assembly

    Signed by Senate Speaker

  7. 2025-04-22 Tennessee General Assembly

    Signed by H. Speaker

  8. 2025-04-17 Tennessee General Assembly

    Enrolled; ready for sig. of H. Speaker.

  9. 2025-04-16 Tennessee General Assembly

    H. concurred in S. am. no. 1 Ayes 88, Nays 0 PNV 2 HB0331

  10. 2025-04-15 Tennessee General Assembly

    H. Placed on Message Calendar 4/16/2025

  11. 2025-04-14 Tennessee General Assembly

    Passed Senate as amended, Ayes 31, Nays 1

  12. 2025-04-14 Tennessee General Assembly

    Senate adopted Amendment (Amendment 1 - SA0037)

  13. 2025-04-14 Tennessee General Assembly

    Senate substituted House Bill for companion Senate Bill.

  14. 2025-04-14 Tennessee General Assembly

    Companion House Bill substituted

  15. 2025-04-14 Tennessee General Assembly

    Sponsor(s) Added.

  16. 2025-04-11 Tennessee General Assembly

    Placed on Senate Regular Calendar for 4/14/2025

  17. 2025-04-08 Tennessee General Assembly

    Recommended for passage, refer to Senate Calendar Committee

  18. 2025-04-01 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/8/2025

  19. 2025-04-01 Tennessee General Assembly

    Action deferred in Senate Finance, Ways, and Means Committee to 4/8/2025

  20. 2025-03-25 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/1/2025

  21. 2025-03-18 Tennessee General Assembly

    Action deferred in Senate Finance, Ways, and Means Committee to 4/1/2025

  22. 2025-03-11 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 3/18/2025

  23. 2025-03-04 Tennessee General Assembly

    Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 9, Nays 0 PNV 0

  24. 2025-02-27 Tennessee General Assembly

    Received from House, Passed on First Consideration

  25. 2025-02-26 Tennessee General Assembly

    Sponsor(s) Added.

  26. 2025-02-25 Tennessee General Assembly

    Engrossed; ready for transmission to Sen.

  27. 2025-02-25 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/4/2025

  28. 2025-02-24 Tennessee General Assembly

    Passed H., Ayes 93, Nays 0, PNV 2

  29. 2025-02-24 Tennessee General Assembly

    Sponsor(s) Added.

  30. 2025-02-20 Tennessee General Assembly

    H. Placed on Consent Calendar for 2/24/2025

  31. 2025-02-19 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 2/20/2025

  32. 2025-02-19 Tennessee General Assembly

    Rec. for pass; ref to Calendar & Rules Committee

  33. 2025-02-18 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 3/4/2025

  34. 2025-02-12 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 2/19/2025

  35. 2025-02-12 Tennessee General Assembly

    Rec. for pass by s/c ref. to State & Local Government Committee

  36. 2025-02-11 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 2/18/2025

  37. 2025-02-05 Tennessee General Assembly

    Placed on s/c cal Cities & Counties Subcommittee for 2/12/2025

  38. 2025-02-04 Tennessee General Assembly

    Sponsor(s) Added.

  39. 2025-02-03 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  40. 2025-02-03 Tennessee General Assembly

    P2C, ref. to State & Local Government Committee

  41. 2025-01-27 Tennessee General Assembly

    Intro., P1C.

  42. 2025-01-23 Tennessee General Assembly

    Filed for introduction

  43. 2025-01-16 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate State & Local Government Committee

  44. 2025-01-15 Tennessee General Assembly

    Introduced, Passed on First Consideration

  45. 2025-01-14 Tennessee General Assembly

    Filed for introduction

Official Summary Text

ON APRIL 14, 2025, THE SENATE SUBSTITUTED HOUSE BILL 331 FOR SENATE BILL 129, ADOPTED AMENDMENT #1, AND PASSED HOUSE BILL 331, AS AMENDED.

AMENDMENT #1 rewrites the bill to, instead,
increase, from $4 billion to $
5
billion, the maximum aggregate principa
l amount for which the
Tennessee housing development
agency may issue bonds and notes at any one time.

Current Bill Text

Read the full stored bill text 
SENATE BILL 129
By Haile

HOUSE BILL 331
By Baum

HB0331
001248
- 1 -

AN ACT to amend Tennessee Code Annotated, Section
13-23-121, relative to the Tennessee housing
development agency.

WHEREAS, Tennessee Code Annotated, Section 13-23-121(a), caps the aggregate
principal amount of the Tennessee Housing Development Agency's (THDA's) outstanding
bonds and notes at a maximum of $4,000,000,000; and
WHEREAS, since 2008, THDA has prudently managed within such statutory maximum;
however, demand for THDA below market interest rate loans to assist low and moderate income
Tennesseans has grown substantially; and
WHEREAS, the General Assembly wishes to provide THDA with greater flexibility to
address this increased demand; now, therefore,
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 13-23-121(a), is amended by
deleting the language "four billion dollars ($4,000,000,000)," and substituting instead "six billion
dollars ($6,000,000,000),".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.