"May 2026" Archives

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Chattanooga creates unit-level PILOT for mixed-income apartments

For more than two decades, Chattanooga has used payment-in-lieu-of-taxes agreements to reshape its downtown. But the tax-break tool that once helped fill the Tennessee River city with market-rate apartments has been retooled for a different purpose: mixing affordable and market-rate units. City officials say seven of every 10 renters are either rent-burdened or severely rent-burdened….

ATTOM reports 42K foreclosure filings in April, up 18% from a year ago

U.S. foreclosure activity declined on a monthly basis in April but continued to post significant year-over-year increases as lenders worked through distressed inventory, according to ATTOM. The company’s April 2026 U.S. Foreclosure Market Report found 42,430 properties nationwide recorded foreclosure filings during the month, including default notices, scheduled auctions and bank repossessions. That represented an…