CHATTANOOGA, TN-WholeLife Communities, a developer of luxury rental communities, reports that it received final approval from the Public Finance Authority based in Milwaukee for a $50-million bond to build a rental community here.
The Oklahoma City-based firm plans to build its Traditions senior community in Hamilton County, TN, which will consist of 100 to 150 single-level residences, ranging in size from 1,500 to 2,000 square feet.
The Public Finance Authority, a government entity established to issue tax-exempt conduit bonds for public and private entities nationwide, unanimously approved the proposal to finance the eligible costs of the acquisition, construction, installation and equipping of the development. The Weitz Company has been selected to build the community. Samarian Housing will own the community.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
