Tennessee Code 13-5-103 – Creation of grant program by municipality or county
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 13-5-103
- Older residential neighborhood: means an area where a majority of the residential property was constructed fifty (50) years or more prior to April 22, 2004. See Tennessee Code 13-5-102
- Residential rental property: means a building or structure located in an older residential neighborhood containing one (1) or two (2) dwelling units that are rented. See Tennessee Code 13-5-102
Upon the adoption of a resolution by a two-thirds (2/3) vote of the legislative body, a municipality or county may create a grant program for the revitalization of substandard residential rental property located in an older residential neighborhood and may also create a grant program for the revitalization of residential real property located in an older residential neighborhood.