Co Com WS R 1467 260630 Housing

This was a work session held by Knoxville Community Media on July 1, 2026, focused on discussing a proposed ordinance related to housing, specifically targeting the regulation of large-scale investors purchasing single-family homes for rental purposes. The meeting covered exemptions for local investors, the definition of large-scale investors, and the challenges of enforcing intent to rent versus flipping homes. The ordinance aims to set a cap at 100 homes owned by investors to prevent unchecked purchases that could impact the local housing market. Discussions also addressed the exclusion of build-to-rent developments from the ordinance, property tax classifications, and concerns about potential legal actions related to bidding on homes. The group planned to bring a clean version of the ordinance for first reading by late July, with further refinements expected based on feedback and legal review.