Chattanooga Health, Education and Housing Facility Board Meeting - 06/15/2026

The Chattanooga Health, Education and Housing Facility Board held a meeting on June 15, 2026, primarily focused on several multifamily housing development projects involving bond issuances and financing approvals. The board conducted TEFRA hearings for three projects, with one withdrawn, discussing the issuance of tax-exempt bonds up to $50 million each for phases one and two of the Standifer Gap development, which aims to provide mixed-income affordable housing using the 4% Low-Income Housing Tax Credit (LIHTC) program. The board approved bond issuances for phase one and phase two, emphasizing long-term affordability and compliance with federal guidelines. Additionally, the board approved a $31 million bond issuance for a multi-family housing project on East Brainerd Road, targeting families with an average 60% Area Median Income (AMI) and including community amenities. The meeting also ratified a $12 million bond commitment for phase 3B of the One Westside development. Discussions included project timelines, unit configurations, tenant income qualifications, and partnerships with the Housing Authority and HUD. The board took formal votes to approve bond issuances and ratifications, supporting ongoing affordable housing initiatives in Chattanooga.