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702 Manufacturers Road

Project Impacts

Back to Project Details: 702 Manufacturers Road

Note: At the time of this report, SDS is in the process of collecting additional data from the project sponsor, development team consultants, local government officials, community stakeholders, and others to assess the full scope of the project’s impacts in the context of the surrounding community. The projected impacts below are based on the ASREF CRA Analysis. For more information on Impact Report methodology, please see section 1.3.

Impact on
LMI Individuals
& Communities

The property at 702 Manufacturers Rd supports LMI households in an area where approximately 47% of households earn ≤80% of Area Median Income (AMI) and many face housing cost burdens above 30% of income. Its proximity to downtown Chattanooga places residents within 2–3 miles of major employment centers and public transit, reducing transportation costs. Investment in this property helps expand quality housing options and supports neighborhood stability for lower-income residents.

Economic
Development
Impacts

Investment at 702 Manufacturers Rd supports local economic growth through construction and ongoing property management jobs (estimated 20–30 construction jobs and 2–3 permanent roles). The property’s location within 2 miles of downtown Chattanooga strengthens access to major employment hubs and drives spending at nearby small businesses. Increased occupancy and asset improvement also contribute to a broader tax base, supporting local infrastructure and community services.

Community And

Social

Impacts

The property at 702 Manufacturers Rd enhances community connectivity by placing residents within 2–3 miles of downtown Chattanooga, parks, and public transit, improving access to jobs and social services. By providing stable, quality housing in an area where nearly half of households earn ≤80% of AMI, the asset supports housing stability and reduces displacement risk. Continued investment promotes neighborhood vibrancy, safety, and long-term social cohesion.

Environmental 

Impacts

The property’s urban infill location at 702 Manufacturers Rd helps reduce environmental impact by limiting suburban sprawl and lowering vehicle miles traveled; residents living near downtown can reduce commuting distances by an estimated 15–25% compared to suburban locations. Building upgrades and efficient systems can lower energy and water consumption by approximately 10–20%, reducing utility costs and carbon emissions. Proximity to public transit and walkable amenities further supports sustainable living and reduced greenhouse gas output.