Subject: 21717/Acknowl/Granite/60-UnitDuplex/LowIncomeHsgTaxCredits
Date: Fri, 25 Oct 1996 08:25:12 -0500


                              RESOLUTION NO. 21717
                 
                 
                 A RESOLUTION ACKNOWLEDGING THAT THE HOUSING 
                 DEVELOPMENT PROPOSED BY HERITAGE RURAL HOUSING, 
                 INC., DEVELOPER, AND GRANITE HEIGHTS, L.P., 
                 APPLICANT FOR LOW INCOME HOUSING TAX CREDITS 
                 FROM THE TENNESSEE HOUSING DEVELOPMENT AGENCY, 
                 WILL PROVIDE AFFORDABLE HOUSING TO 
                 CHATTANOOGA'S CITIZENS.
                 
                 
                                                     
                 
                 
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF 
       CHATTANOOGA, TENNESSEE, that it is acknowledged that the housing 
       development proposed by Heritage Rural Housing, Inc., Developer, 
       and Granite Heights, L.P., applicant for low income housing tax 
       credits from the Tennessee Housing Development Agency, will 
       provide affordable housing to Chattanooga's citizens.  The 
       proposed development will be comprised of 60 units and is to be 
       located in the City of Chattanooga on the 1400 block of North 
       Chamberlain Avenue.
       
       ADOPTED:	 March 24, 1998
       
       MAM:cjc