Subject: 21729/Acknowl/Marlow/LowIncomeHousingTaxCredits
Date: Fri, 25 Oct 1996 08:25:12 -0500


                              RESOLUTION NO. 21729
                
                
                 A RESOLUTION ACKNOWLEDGING THAT THE
                 MULTI-FAMILY HOUSING DEVELOPMENT TO BE KNOWN AS
                 STRINGER'S RIDGE APARTMENTS PROPOSED BY THE
                 MARLOW COMPANY, DEVELOPER, AND NORTH
                 CHATTANOOGA HOUSING PARTNERS I, L.P., APPLICANT
                 FOR LOW INCOME HOUSING TAX CREDITS FROM THE
                 TENNESSEE HOUSING DEVELOPMENT AGENCY, WILL
                 PROVIDE AFFORDABLE HOUSING.
                
                
                                                    
                
                
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE, that it is acknowledged that the
       multi-family housing development to be known as Stringer's Ridge
       Apartments proposed by The Marlow Company, Developer, and North
       Chattanooga Housing Partners I, L.P., applicant for low income
       housing tax credits from the Tennessee Housing Development 
Agency,
       will provide affordable housing.  The proposed development will 
be
       comprised of 40 units and is to be located within the City of
       Chattanooga within the block of Snow Street, Bell Avenue, Merriam 

       Street, and Chambliss Avenue, from Tax Map No. 135C F.
      
       ADOPTED:	 March 24, 1998
      
       MAM:cjc