Voluntary Attainable Housing Incentives Approved by Council

CHATTANOOGA, Tenn. (WDEF) – In a groundbreaking move, Chattanooga is leading the way in Tennessee with an innovative approach to tackling the housing crisis.

The city council has just approved a new ordinance aimed at increasing the availability of housing with a voluntary attainable housing incentive, making Chattanooga the first city in the state to adopt this bold strategy.  

The measure introduces voluntary incentives for developers to create housing options that are both affordable and sustainable for residents.

Mayor Tim Kelly called the decision a “major milestone” for Chattanooga, highlighting the city’s commitment to addressing its growing housing challenges while setting a precedent for other cities in Tennessee. 

The program provides financial incentives, including tax abatements and reduced permitting fees, for developers who commit to setting aside a percentage of their projects for affordable housing units.

This approach is designed to encourage collaboration between public and private sectors without mandating participation, a strategy that supporters say will foster growth while maintaining flexibility. 

The move to approve the voluntary attainable housing incentives is being hailed as a model for other cities grappling with housing affordability. As implementation begins, all eyes will be on the city to see how this innovative program shapes the housing landscape.

As the program unfolds, we’ll keep you updated on its progress and impact.