Knoxville to Fund over $50 Million for Affordable Housing over the Next Decade

The city of Knoxville plans to fund over $50 million for affordable housing over the next decade, according to legislation proposed by the mayor. The Affordable Housing Fund, as promulgated by Mayor Indya Kincannon, will commit a minimum of $5 million annually for the next decade to develop affordable housing.

The Knoxville City Council is considering the legislation that would make Kincannon’s goal possible. The legislation would create a trust fund account called the “Knoxville affordable housing fund.” If passed, the new fund will take effect immediately.

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