Chattanooga Health Education Housing Facilities Board Meeting – June 15, 2026
Chattanooga Health Education Housing Facilities Board Meeting – June 15, 2026
The Health Education Housing Facilities Board of the City of Chattanooga met on June 15, 2026, to consider several TEFRA hearings and bond resolutions for multifamily housing developments, along with routine approvals. The board approved May 18 meeting minutes, conducted two TEFRA hearings followed by bond inducement votes for a two-phase project (P1 and P2) at 7610 Standard Gap, heard the withdrawal of another item, considered a bond resolution for a 131-unit townhome project in East Brainerd, and ratified the chair’s execution of a firm commitment letter for the One West Side Phase 3B project.
Consent Calendar
- Approved the minutes of the May 18, 2026 meeting by unanimous voice vote.
Public Comments & Testimony
- No members of the public addressed the board.
Discussion Items
TEFRA Hearings and Bond Resolutions – Standard Gap P1 & P2
- Joshua Haston (LDG Development) presented two phases of a mixed-income multifamily development at 7610 Standard Gap. P1: 259 units; P2: 223 units. Both phases are planned as rental units financed through the 4% Low-Income Housing Tax Credit (LIHTC) program and tax-exempt bonds, with a required average income of 60% Area Median Income (AMI) and a minimum 30-year affordability period. The housing authority is a partner. Haston stated that the project targets a broad income range (roughly $20,000 to $73,000 household income) and will include on-site management and security. Board members discussed income averaging, rent calculations, compliance challenges, and the importance of mixed-income to avoid concentrated poverty.
- Item 7 (Standard Kensington Venture LP bond) was withdrawn by Tommy Atley (Standard Development Partners) due to inability to finalize land terms.
TEFRA Hearing and Bond Resolution – Standard Brainerd Venture LP
- Tommy Atley presented a proposed 131-unit townhome development at 7453 East Brainerd Road (former East Brainerd school site). Units will be three-bedroom, two-and-a-half-bath townhomes (approx. 1,700–1,900 sq. ft.), all rental, with an average AMI of 60%. The project includes HUD financing, project-based vouchers, and a 30-year affordability commitment. On-site amenities: community room, fitness center, business center, playground. Atley noted the timeline: apply to THDA by June 30, 2026, financial closing targeted by end of year. Board asked about traffic impact, unit mix, handicap accessibility (5% mobility, 2% vision/auditory), and tenant outreach.
One West Side Phase 3B – Ratification of Bond Commitment
- The board considered ratification of the chair’s execution (dated May 27, 2026) of a firm commitment letter with THDA for a $12 million tax-exempt bond issuance related to One West Side Phase 3B LP (1216 Grove Street). Staff confirmed this is the third of seven phases, and that phase one and two are under construction but not yet occupied. Phase three will involve demolition of existing College Hill Courts units and relocation of current residents. Housing authority representative confirmed that returning residents have a right to return and are being tracked.
Key Outcomes
- Motion to approve May 18 minutes – unanimous voice vote (all aye).
- Motion to approve bond inducement for Standard Gap P1 (up to $50M) – motion, second, unanimous aye.
- Motion to approve bond inducement for Standard Gap P2 (up to $50M) – motion, second, unanimous aye.
- Item 7 withdrawn per applicant request.
- Motion to approve bond inducement for Standard Brainerd Venture LP (up to $31M) – motion, second, unanimous aye.
- Motion to ratify chair’s execution of One West Side Phase 3B firm commitment letter ($12M) – motion, second, unanimous aye.
- Next meeting: No items currently scheduled for July; board to be updated.
Meeting Transcript
Health education housing facilities board of the city of Chattanooga to order. You have an agenda before you and uh first thing we want to do is meeting was advertised. We do have a quorum. Yes, sir. We do. Uh second thing is the approved amendments of the May 18th meeting. You have received those and have them in front of you. And a motion for discussion. Anybody feel it among themselves to make a motion? Motion to approve. Okay. I can't do this alone, guys. Okay, we have a motion and second. Any comments, additions, changes to them. Okay, seeing none. All in favor approving the May 18th minutes, please say aye. Opposed, like, signed. Motion approved. Um we always invite any persons in the um audience to uh an opportunity to address the board. Um you have three minutes to address the board, but this is the only time you can do that. So if anybody has any what I'd like to say, we're welcome to listen and take it into account. Otherwise, the rest of the meeting will be votes by the board. Anyone wishing to address us? Okay. Uh we have three TEFRA hearings. It's my understanding that uh item number seven has been withdrawn. So we have a TEFRA. Your item five, six eight for TEFRA hearings. So we should have a presentation uh on those, and these are for information purposes and will not be uh a vote taken, but for you all's purpose understanding what it is to come back. So the first one is um on Stanley for GAAP, a resolution authorized and subject to certain conditions, the issuance of not to exceed 50 million multifamily housing revenue bonds in one or more series regarding Stanford Graph P1 LP applicant for the purpose of financing the acquisition, construction, and equipping equipping of certain multifamily housing facilities and authorizing exception, the execution and delivery on agreement in connection with the issuance of such bonds. I see them standing over there. You want to come up and introduce yourselves and um talk about this? Sure. Let me ask you one question. They have the second one. Yeah, uh you might give us some information about P1 and P2 on here that are involved. Yeah, they both have the same address here. One of them looks like it's a 259 unit multifamily housing facility, and the other one is 223, but both of them have the same address at 7610 standard for gap. So if you'll just cover both of those, that'd be great. Gotcha. Thank you so much for your time. My name is Joshua Haston. I'm with LDG Development. We are a national developer headquartered in Louisville, Kentucky, but I run our Tennessee office. I'm based in Nashville, but uh my mom lives in Saudi Daisy, so I'm pretty familiar with Chattanooga area. Um this particular project is a multi-phase project. So what we're talking about here is uh the beginning phases of what we hope will be a um mixed income development and a very high opportunity community. So uh this particular project, we're hoping to use what is called the 4% ITEC program, and that program uh helps to preserve affordability and attainability for folks for a long period of time. Uh in this particular project, we're partnering with the housing authority uh to make sure that we're uh again being uh broad based and and how we're serving and working with the community. Um we're coming to you guys early for this TEFRA and bond inducement hearing as we work through the beginnings of the financing.
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