The cost to own or rent a home has skyrocketed in recent years. While Nashville gets frequent headlines about its growth, this is a growing trend across most of the state and was the single most often mentioned concern of Tennesseans in our 2022 listening tour. In fact, Tennessee has the fourth-highest growth in home prices in the nation. Beacon will work to reduce the cost of both homeownership and renting through a “Cost of Housing Reduction Package.” Among our proposals, we are:
- Calling for a statewide limit on large property tax increases like that in 46 other states, which will benefit both homeowners and renters alike.
- Expanding our interactive zoning map to allow Tennesseans to see how zoning regulations impact the cost of their home.
- Reducing government red tape that stifles housing supply, including a Permit Freedom Act to expedite local permitting.
