Jim Hatfield

The Board of Commissioners discussed and approved several resolutions, including development agreements for the Parkside Drive and Ball Road affordable housing projects, as well as the formation of associated corporate entities. Preliminary bond resolutions were passed to support these housing developments. The Board also approved a contract for architectural services for Western Heights Phase 5 and awarded a contract to Southern Constructors for the construction of a greenway and pedestrian bridge at First Creek. Additionally, the Board approved final resolutions authorizing the issuance of collateralized multifamily housing revenue bonds for the Riella at Oakwood and Riella at River's Edge projects.

The Board of Directors authorized the development and financing of The Hudson apartments, a 202-unit affordable housing project located at 303 North Peters Road. Key authorizations include the execution of equity documents, a payment in lieu of taxes (PILOT) lease, construction loan documents with Truist Bank, and permanent loan agreements involving Grandbridge Real Estate Capital. Additionally, the Board appointed Randall Brown as the Secretary of the Corporation.

The Board of Commissioners discussed several development and housing initiatives. Key agenda items included the authorization of a PILOT agreement for an affordable housing complex at Beaman Lake Road, negotiations for the closing of Western Heights CNI Phase 4, and the approval of a Purchase and Sale Agreement for property on McCalla Avenue. Additionally, the board addressed bids for exterior stair tower replacement and roofing services, as well as the submission of the 2026 Public Housing Agency Plan.

The 5-Year PHA Plan for Knoxville's Community Development Corporation (KCDC) aims to improve neighborhoods and communities by providing quality affordable housing, advancing development initiatives, and fostering self-sufficiency. The plan for 2025-2029 focuses on key goals such as expanding the supply of affordable housing, increasing housing choices through various voucher programs and development activities, promoting self-sufficiency and asset development for assisted households, and ensuring equal opportunity and fair housing practices.

The agenda for the Board of Commissioners meeting includes several key new business items related to development and procurement. Development items involve awarding a contract for building demolition at Western Heights, releasing specific development covenants from a 2005 Special Warranty Deed, and authorizing certain guaranties in connection with the Five Points Phase 2, Phase 3, and Phase 4 developments, which involve securing loans from Home Federal Bank of Tennessee. The procurement item requests approval to award a contract for the replacement of HVAC units at KCDC's Eastport 2 property.