Subject: 21727/Acknowl/1stCentrum/SeniorCitizenAffordableHousing
Date: Fri, 25 Oct 1996 08:25:12 -0500


                              RESOLUTION NO. 21727
                 
                 
                 A RESOLUTION ACKNOWLEDGING THAT THE ELDERLY 
                 HOUSING DEVELOPMENT PROPOSED BY FIRST CENTRUM, 
                 L.L.C., DEVELOPER, AND CENTRUM-CHATTANOOGA 
                 LIMITED PARTNERSHIP, APPLICANT FOR LOW INCOME 
                 HOUSING TAX CREDITS FROM THE TENNESSEE HOUSING 
                 DEVELOPMENT AGENCY, WILL PROVIDE AFFORDABLE 
                 HOUSING FOR CHATTANOOGA'S SENIOR CITIZENS.
                 
                 
                                                     
                 
                 
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF 
       CHATTANOOGA, TENNESSEE, that it is acknowledged that the elderly 
       housing development proposed by First Centrum, L.L.C., Developer, 
       and Centrum-Chattanooga Limited Partnership, applicant for low 
       income housing tax credits from the Tennessee Housing Development 
       Agency, will provide affordable housing for Chattanooga's senior 
       citizens.  The proposed development will be comprised of 75 units 
       and is to be located on 5+ acres off of West 40th Street, City of 
       Chattanooga, Hamilton County Tax Map No. 155O-N-002 in the St. 
       Elmo/Alton Park neighborhood behind the Lookout School property.
       
       ADOPTED:	 March 24, 1998
       
       MAM:cjc