Alco Woodlawn Partners is seeking $7.5 million in tax-exempt financing to buy and rehab the Woodlawn Apartments in East Chattanooga.
The proposal is set to go before the city's Health, Education and Housing Facilities Board on Wednesday at noon.
The 163-unit, multi-family housing facility is for those with low and moderate income, officials said.
The apartment complex is at Wilson Street and Arlington Avenue.