Tennessee Housing Development Agency - As introduced, deletes provision requiring Tennessee rural and workforce housing tax credits to be authorized by joint resolution of the general assembly. - Amends TCA Section 13-23-134 and Chapter 971 of the Public Acts of 2024.

SB 1323 removes a requirement that the Tennessee General Assembly must approve rural and workforce housing tax credits through a joint resolution. It directly affects the Tennessee Housing Development Agency, which will now administer these credits without needing separate legislative authorization. The bill deletes specific sections of state law (TCA 13-23-134 subsection (f) and Chapter 971 of 2024) but maintains the existing rule that at least 50% of credits must go to projects in eligible rural areas. This change streamlines the process for allocating tax credits toward affordable housing development, effective July 1, 2025.