The Chattanooga Housing Authority – determined to try to raise revenue by disposing of no-longer-needed real estate – has selected two local realty companies to find buyers or renters for those properties.
After evaluating proposals submitted by eight companies in response to CHA’s request for proposals, officials said, staff reached the conclusion that “CHA’s interest will be best served by making awards to the two highest scoring firms: The Kirkland Company and KW Commercial – Fisher Team.
The one-year contract with the firms can be renewed for as many as four additional years, subject to board approval, they noted.
The first property expected to go on the market is CHA’s 440-unit Harriet Tubman Housing Site in East Chattanooga, according to Executive Director Betsy McCright. Efforts to relocate current Harriet Tubman residents are progressing rapidly, she said.
Additional properties “anticipated to be listed,” she said, include:
* CHA Office Building at 801 N. Holtzclaw Avenue, which currently serves as the housing authority’s central office
* James A. Henry School property at 1200 Grove St.
* Poss Homes Site (former) on a 20-acre vacant Market Street site bounded on the north by I-24.
* Neighborhood park at the corner of Grove Street and Boynton Drive in Westside
* Single-family residential vacant lot at 3515 Ohls Ave.
More properties could be added to that list in the future, she said.
“Any offers resulting from the listing agreements will be brought to the board for approval, with the exception of those offers where the appraised or listed value of the property is $10,000 or less and where the offered price is at least 80 percent of the appraised or listed value of the parcel,” officials noted.