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Council advances 702 Manufacturers Road affordable-housing pilot to two-week agenda
Summary
City staff and developer presented a 278-unit riverfront project that would include 42 affordable units (15%). Council praised the mix and moved the pilot to the two‑week agenda for a vote; developer and staff answered questions on river access, unit selection and site remediation.
Council members on Tuesday advanced consideration of a proposed 278-unit development at 702 Manufacturers Road that would include 42 affordable units, sending the pilot agreement to the council’s two‑week agenda for a formal vote.
At an Affordable Housing Committee meeting, city staff said the application is the first under Chattanooga’s redesigned affordable-housing pilot and proposes a 15‑percent affordable set‑aside — 75 percent of those units at 60 percent of area median income (AMI) and the remainder at 80 percent AMI. Hanukkah, a city housing staff member who led the presentation, outlined the unit mix and the tax-abatement offer the developer is seeking.
The project sits on a vacant former industrial site on the North Shore and, according to the…
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