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Chattanooga board OKs two affordable housing tax incentives

Staff photo by Abby White / The exterior of apartments featured at Eastwood Manor is seen Tuesday. October 21, 2025. The Eastwood Manor apartment complex on Wilcox Boulevard is one of many locations with access to bonds and tax financing allocated for repairs. Staff photo by Abby White / The exterior of apartments featured at Eastwood Manor is seen Tuesday. October 21, 2025. The Eastwood Manor apartment complex on Wilcox Boulevard is one of many locations with access to bonds and tax financing allocated for repairs.

By Ellen Gerst October 21, 2025 6 min read

Two tax incentive deals to add and preserve income-restricted housing in Chattanooga were approved by a city housing board this week.

One will require 15% of nearly 300 units at a planned apartment complex on Manufacturers Road to be rented at rates affordable to people making less than the area’s median income.

Developer Frank Reese said he expects ground to break on that project within 30 days, with permits already in motion.

“We will definitely work with various groups that may have a list of people that can hit those income targets to qualify for the affordable housing that we’ll have in the project,” Reese told members of the city’s Health, Educational and Housing Facilities Board on Monday.