Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves mixed-income pilot for 702 Manufacturers Road, developer to deliver 42 affordable units
Summary
Chattanooga approved a mixed-income pilot for a 278-unit development at 702 Manufacturers Road that will include 42 affordable units (15% of total); the city expects a partial tax abatement and a PILOT tied to the value of affordable units.
The Health, Educational and Housing Facilities Board approved a payment-in-lieu-of-taxes (PILOT) pilot agreement with Chattanooga MF Joint Venture LLC for a proposed 278-unit multifamily development at 702 Manufacturers Road.
City staff described the project as the first mixed-income pilot under the council’s recent revision to the City of Chattanooga affordable housing pilot program. Under the approved terms the development will include 42 affordable units (15% of the project): 32 units at 60% of area median income (AMI) and 10 units at…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
