Request for Proposals: 2602 Koblentz Circle

AI Summary

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.