Chattanooga Health, Education and Housing Facility Board Meeting - 05/18/2026

The Chattanooga Health, Education and Housing Facility Board held a meeting on May 18, 2026, where key procurement-related matters were discussed. The board approved a resolution authorizing the issuance and sale of approximately $47 million in bonds to refinance existing debt and fund new capital improvements on the campus, including fiber and energy plant upgrades. The bond issuance is structured as a 30-year bond with an expected maturity in 2042. Additionally, the board considered and approved a resolution related to a Payment in Lieu of Taxes (PILOT) agreement for the Overlook Apartments, a 162-unit affordable housing project utilizing Low-Income Housing Tax Credits (LIHTC). The project is on track to close financing by June 26, 2026, and includes significant rehabilitation work already underway. The board also discussed coordination with county officials regarding notification of PILOT agreements. No other procurement items were presented, and the meeting concluded with acknowledgments and scheduling of the next meeting.