CHATTANOOGA, TN (August 18, 2025) – Invest Chattanooga, in partnership with
the City of Chattanooga, today released a Request for Information (RFI
<https://www.investchattanooga.org/workwithus>) inviting developers,
property owners, and prospective purchasers to share potential mixed-income
multifamily opportunities — whether new construction or acquisitions — that
include long-term affordable housing commitments.
The RFI is designed to identify projects that could benefit from a
mission-aligned partnership with Invest Chattanooga, where public financing
tools are provided in exchange for a commitment to keep a portion of units
affordable. By inviting ideas from developers and property owners, Invest
Chattanooga aims to understand what’s in the pipeline and explore ways to
support projects that deliver both quality housing and lasting
affordability.
“We’re asking the development community to bring us ideas and opportunities
that might not otherwise move forward,” said Matt Bedsole, CEO and
President of Invest Chattanooga. “This RFI is about learning what’s
possible and exploring where our tools can make a meaningful difference in
delivering high-quality housing that remains affordable over the long term.”
These tools include below-market senior debt, low-cost construction
financing, common equity, below-market mezzanine debt, property tax relief
and access to project-based rental assistance. Together, they can help
advance projects while ensuring meaningful affordability for Chattanooga
residents.
Potential opportunities include:
- New construction projects in pre-development or permit-ready stages that
are exploring financing solutions prior to breaking ground. - Acquisition opportunities for well-maintained Class A or B multifamily
properties that could incorporate long-term affordability with light or
moderate renovations.
“It’s important to fund affordable housing initiatives so Chattanooga’s
growth works for everyone,” said Mayor Tim Kelly. “By working together, we
can create projects that not only deliver great mixed-income housing but
also leave a positive mark on the city for decades to come. Now is the time
for creative, committed partners to join us in shaping Chattanooga’s
housing future.”
Responses will be accepted on a rolling basis.