Subject: 21730/Acknowl/Norsouth/AffordableHousing/LowIncomeHousing
Date: Fri, 25 Oct 1996 08:25:12 -0500


                              RESOLUTION NO. 21730
                
                
                 A RESOLUTION ACKNOWLEDGING THAT THE HOUSING
                 DEVELOPMENT PROPOSED BY THE NORSOUTH
                 CORPORATION, DEVELOPER, AND SIGNALWOOD PARK,
                 L.P., APPLICANT FOR LOW INCOME HOUSING TAX
                 CREDITS FROM THE TENNESSEE HOUSING DEVELOPMENT
                 AGENCY, WILL PROVIDE AFFORDABLE HOUSING FOR
                 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 The Norsouth Corporation, Developer, and
       Signalwood Park, L.P., applicant for low income housing tax
       credits from the Tennessee Housing Development Agency, will
       provide affordable housing for Chattanooga's citizens.  The
       proposed development will be comprised of 100 affordable housing
       units and is to be located in the City of Chattanooga on 18+ 
acres
       off of the 1400 block of North Chamberlain Avenue.
      
       ADOPTED:	 March 24, 1998
      
       MAM:cjc