Board approves bond inducement for LDG Development project after TEFRA hearing; second phase inducement discussed
The Health Education Housing Facilities Board closed the TEFRA hearing and approved a preliminary bond inducement of up to $50 million for LDG Development’s Phase 1 multifamily project; developers described a mixed-income, multi-phase plan using 4% LIHTC and partnerships with the housing authority, and said Phase 2 inducement supports THDA/HUD timing.
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The Health Education Housing Facilities Board of the City of Chattanooga voted to approve a preliminary bond inducement authorizing up to $50,000,000 for the LDG Development-backed Phase 1 multifamily project after conducting a TEFRA hearing.
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