Chattanooga City Council discusses updating affordable housing tax incentives with a new PILOT program.
Chattanooga City Council discussed an updated affordable housing tax incentive program, proposing a new PILOT (Payment in Lieu of Taxes) program. If adopted, the program aims to incentivize individual affordable housing units, offer incentives for lower rents, and better reflect rental differences in various city areas. Current PILOTs have been deemed ineffective for adding affordable units.
March 13, 2024
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