Senate Bill 2882, also known as House Bill 2955, mandates the Tennessee Advisory Commission on Intergovernmental Relations (TACIR) to conduct a comprehensive study on the availability of affordable housing across various local government jurisdictions in Tennessee. The bill allows TACIR to request necessary information from relevant state and local governmental entities, which are required to comply. The study will utilize TACIR's existing resources and is expected to culminate in a final report to be submitted to each member of the General Assembly by January 1, 2025.

The final report must include TACIR's recommendations and any proposed legislation aimed at enhancing housing affordability in the state. Additionally, the report is required to present data in a demographic breakdown, considering factors such as population density, income, race, and employment status. This initiative reflects a legislative effort to address the pressing issue of affordable housing in Tennessee.