Opinion: Chattanooga Mayor Tim Kelly launches 'early, powerful' affordable housing plan to keep city's boat afloat

Contributed photo / Employees of Infinite Construction work on an affordable home on Cannon Street in East Chattanooga in 2018.

Over the years, news of public and private housing developments have made big splashes, only to fade into the woodwork with no action for a variety of reasons as the years go by.

Just off the top of our heads, we can think of a shopping center in Hixson, housing and retail in a former factory in East Lake and housing on a prominent McCallie Avenue corner that never happened. And they're but three out of many.

We hope Chattanooga Mayor Tim Kelly's announcement that his administration will marshal $100 million in investment for new or rehabbed affordable housing in the next five years also will not go the way of the passenger pigeon.

Affordable housing has been a critical need for the city for many years, and the word "affordable" has taken on even more meaning recently after a new study showed Chattanooga area buyers are overpaying by about 35% for homes versus historical trends.