Housing - As enacted, deletes the definition of "blighted area" and defines "blighted property" for purposes of condemnation by housing authorities; clarifies that housing authorities may acquire real property without using eminent domain; authorizes housing authorities to pay more than fair market value for properties that are not blighted but that are in a blighted area; makes other related changes. - Amends TCA Title 13, Chapter 20; Title 13, Chapter 21 and Title 29, Chapter 17.

SB 480 (the "Tennessee Property Rights Protection Act") revises Tennessee housing law to protect non-blighted properties from eminent domain. It deletes the broad definition of "blighted areas" and replaces it with a property-by-property standard for "blighted property," ensuring only properties meeting specific safety/code violations (and not fixed within a reasonable time) can be targeted. Housing authorities can now acquire property without eminent domain through negotiated sales and pay above fair market value for non-blighted properties located in areas designated as blighted. These changes aim to prevent well-maintained properties from being taken while preserving housing authorities' ability to redevelop truly blighted properties. The law took effect on April 3, 2025.