A Matter of Some Concern: Affordable Housing Crisis in Chattanooga

Category: Business

For the past few years, local community welfare organizations, such as Chattanooga Organized for Action, have been calling our attention to the plight of affordable housing. Chattanooga is facing an affordable housing crisis. The statement may come as a surprise to some of us—especially with all the new construction around us— but it is true that low to medium income families have to pull teeth to meet their rental obligation. An average apartment in Chattanooga is priced more than 25 percent above the affordable housing level, which means that a renter would need a yearly income of $42, 680 to be able to pay his rent without compromising other necessities.