Chattanooga's PILOT Program Encourages Affordable Housing Development
Chattanooga, Tennessee, has implemented a Payment in Lieu of Taxes (PILOT) program to promote the development of affordable housing without direct subsidies. This initiative offers property tax discounts to developers who include affordable units in their new housing projects. The program aims to increase housing supply and control costs, addressing the city's growing population and rising housing prices. The PILOT program has been recognized as a winner of the Ivory Prize, a national housing innovation competition. The city has already approved its first 278-unit housing project under this program, which will include 42 affordable units. 
