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Board approves $20 million inducement for One Westside Phase 2B to continue Choice Neighborhoods work
Summary
The board unanimously approved a $20 million preliminary inducement to support construction of 90 units (part of a 144‑unit Phase 2) at One Westside Phase 2B, a Choice Neighborhoods‑linked development in partnership with the Chattanooga Housing Authority.
The Health, Education and Housing Facilities Board approved a preliminary inducement resolution authorizing up to $20,000,000 in multifamily housing revenue bonds for One Westside Phase 2B, part of a multi‑phase Choice Neighborhoods redevelopment in Chattanooga.
Jim Grawley of Columbia Residential, the developer partner, told the board Phase 2 will be a 144‑unit new building; the…
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