Kelly Administration Proposes Innovative Affordable Housing Tax Incentive Reform
New Payment in Lieu of Taxes program would allow for more participation from more developers, even lower rents in affordable units, and program adjustments by ZIP code. Chattanooga, Tenn. (March 12, 2024) — Today, City of Chattanooga Chief Housing Officer Nicole Heyman proposed a package of reforms to Chattanooga’s Payment In Lieu Of Taxes (PILOT) program for affordable housing projects. […]
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