For more than two decades, Chattanooga has used payment-in-lieu-of-taxes agreements to reshape its downtown. But the tax-break tool that once helped fill the Tennessee River city with market-rate apartments has been retooled for a different purpose: mixing affordable and market-rate units. City officials say seven of every 10 renters are either rent-burdened or severely rent-burdened.
The planned 52-story development at 280 Kent Avenue will have two towers rising from a three-story podium, according to zoning documents. When Brownstoner stopped by recently, the podium structure was in place, and was ringed by a construction fence with cranes, other building equipment, and a number of workers onsite. The concrete structure has reached the seventh floor, according to Two Trees rep David Lombino.
Ballymore has secured planning permission for just over 1,600 new homes for a wedge-shaped development near West Silvertown DLR station. The light industrial site runs in a narrow wedge to the Thames and sits alongside Lyle Park, which will receive a £1 million improvement funded by the developer. That will see the park significantly revamped and made more accessible to the two housing developments on either side.
The proposed parcel tax of $4 per square foot would require voter approval. Nazarian plans to introduce a motion to the City Council Friday to initiate steps to put a parcel tax measure on the Nov. 3 ballot. The measure would target large, private recreational membership-based clubs and similar facilities within city limits. If the council approves Nazarian's motion, it would next head to the city attorney's office to prepare a resolution and ordinance to get it on the ballot.
Vanessa Calderón-Rosado, the chief executive of IBA, sees La Casa as 'a true legacy project that continues to build upon the 1968 movement of activists that had a true vision of what a vibrant community, a healthy community and an engaged community looks like.'
Virginia has become the latest state to clear the way for churches and other faith groups to build affordable housing on their land, borrowing a page from a California precedent-setting attainable housing win-win innovation.
"We're talking about revitalizing our neighborhoods and rebuilding our communities that are facing blight and abandonment. We're also talking about adding tax dollars to our revenue stream and creating new economic opportunities."
After the divorce, I had to settle somewhere. Your choice is limited, said Margot Hollander, reflecting on her housing options as a retired dance teacher with a modest income.
Nykia Wright, CEO of NAR, stated, "Rebuilding trust requires more than words—it requires visible progress. That's why we're committed to sharing clear, regular updates that show members how this work is making a real difference."
