House Bill 2955, also known as Senate Bill 2882, mandates the Tennessee Advisory Commission on Intergovernmental Relations (TACIR) to conduct a comprehensive study on the availability of affordable housing across local government jurisdictions in Tennessee. The bill allows TACIR to request information from various state and local governmental entities, including the Department of Human Services and the Tennessee Housing Development Agency, which are required to comply with these requests. 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. The act will take effect upon becoming law, emphasizing the urgency of the matter.