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Nov 17, 2025
Nov 17, 2025
Nov 17, 2025
The Chattanooga Land Bank Authority issued a Request for Proposals seeking qualified nonprofit and for-profit developers to acquire and develop four parcels in the Alton Park neighborhood for affordable homeownership. The Land Bank will convey the parcels at no cost to selected applicants under a development agreement, with developers responsible for construction, marketing, and home sales to low- to moderate-income households, with goals of obtaining building permits within 12 months and certificates of occupancy within 18 months of breaking ground. Eligible applicants must have completed at least two comparable housing projects, be in good standing with the City of Chattanooga with no delinquent taxes or code violations, and the initiative aligns with the 2023 Chattanooga Housing Action Plan's affordable housing priorities.
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Nov 17, 2025
The Chattanooga Land Bank Authority issued a Request for Proposals for development of four parcels in the Alton Park neighborhood, including 2602 Koblentz Circle. The Land Bank will convey the parcels at no cost to qualified nonprofit or for-profit developers who commit to building affordable homes for households earning at or below 120% of Area Median Income, with developer selection contingent on meeting capacity requirements, completing building permits within 12 months, and achieving certificates of occupancy within 18 months. This initiative supports the 2023 Chattanooga Housing Action Plan's objective to prioritize affordable housing through public land disposition and revitalize neighborhoods.
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