Michael Sherard of Southport Financial Services addressed the council and explained the concept.
The company purchased property located at Smyrna Church and Leonard Bridge Roads.
The company intends to apply for a grant from the Georgia Department of Community Affairs to construct 72 two and three bedroom town homes on the property.
Funding will be sought through a workforce housing grant project. Sherard explained to council members that about 57 percent of the workforce in Murray County traveled to the county for work, and traveled more than ten miles.
Sherard said that after speaking to officials with the Chatsworth Housing Authority that there was also a need for housing for senior citizens.
Sherard estimated that 12 units would be set aside for rental to senior citizens.
Rent for the town home is expected to be around $540 per unit. The complex will have a clubhouse on the property and a recreation space.
There will be an estimated four units per acre.
In the proposal, the company states that Coker Elementary School was one consideration for the company to build in Chatsworth. The primary entrance will be off Leonard Bridge Road. There will also be nature trails and playground areas for children.
There will be daily, on-site management and maintenance services located in a seperate building on the property which will also serve to provide resident activities, business center and exercise programs.
Credit counseling would also be available to renters according to Sherard.
Work Force Housing need is an area determined to have at least 3,000 local jobs and 50 percent of the workers travel at least ten miles to their jobs. Chatsworth meets those qualifications.
As part of the grant approval process, Southport Financial Services wanted to obtain the approval of city officials.
After grants are approved, company officials expect to begin construction on the units in January.
They will use Empire Construction out of Chattanooga and believe that company will use local contractors as well.
A public meeting is scheduled for Wednesday, May 14 at 6 p.m. at the Murray County Senior Center located on G.I. Maddox Parkway in Chatsworth.
The proposed plans are available for view at Chatsworth City Hall.
The units will have a kitchen, dining room and great rooms downstairs. Three bedroom units will also have a master bedroom downstairs.