A new apartment complex is going in at 702 Manufacturers Road that will include 278 rental units - with 42 "affordable" units. "The updated affordable housing PILOT program directly ties the amount of the tax incentive to the cost of offering each affordable rental unit. The program requires that committed affordable units are kept at an affordable rate for at least 15 years." The dedicated affordable units would be for Chattanoogans making 60 percent and 80 percent of area median income (AMI). “My administration worked diligently to revamp this incentive program to bring more developers to the table and create more dedicated affordable housing units.