CHA Board Approves Land Lease At Cromwell Hills For New Affordable Housing Project

Friday, January 10, 2014

The board of the Chattanooga Housing Authority on Friday at a special called meeting approved a long-term ground lease of 21 acres at Cromwell Hills for a private affordable housing project.

Mike Sabin, development manager, said Pennrose Properties was the only firm to submit a proposal.

He said the tentative price that is still being negotiated is $400,000.

Mr. Sabin said there was an earlier appraisal of the property on Cromwell Road of $157,000, though he said that may be on the low side.

Elizabeth McCright, CHA executive director, said the move supports the agency's mission of providing affordable housing, though it will not be involved in the new housing.

Mr. Sabin said it is believed that all the infrastructure is in place at the site.

Rents are expected to be in the $500-$600 range with a number of Section 8 vouchers involved.

The firm plans to apply for tax credits.



Jeremy Callahan Returns To Chattanooga To Join Signature Brokers

Jeremy Callahan has joined Signature Brokers as its newest residential agent.   Mr. Callahan is a native Chattanoogan and graduate of the University of Tennessee at Chattanooga, where he majored in communications and marketing. He is returning to Chattanooga after several years in the real estate industry in Nashville.   In that capacity, he became ... (click for more)

Pre-Civil War Mansion Set For Auction Near Rome, Ga.

As William Sherman’s army moved into Floyd County, a lady named Margaretta Skinner kept watch, ready to warn her neighbors when the soldiers approached. But ultimately, her home was one of the few spared, because she had nursed a young Union soldier back to health, and that soldier turned out to be Sherman’s cousin.  That home – named Margaretta Hall – still stands, and ... (click for more)

Charles Hosley, 19, Shot On Sylvan Drive During Drug Deal And Later Dies; Involved In Crash On North Market Street

Charles Hosley, 19, was shot and killed Monday night. The preliminary police investigation indicates that during a drug transaction at 310 Sylvan St., a fight broke out and Hosley was shot once.  Hosley then left in his vehicle later wrecking in the 700 block of North Market Street.  One other person involved in the crash was taken by ambulance to a local hospital. ... (click for more)

Tennessee Temple University To Close After Almost 70 Years

Tennessee Temple University, after almost 70 years in operation in Highland Park, is set to close after this semester. Trustees are set to vote on Tuesday morning to merge Temple with Piedmont International University of Winston-Salem, N.C. Students who are not graduating this semester would have the option to continue their education there. Bryan College in Dayton, Tn., and ... (click for more)

Tennessee Deserves Better Health Reform - And Response

Tennessee needs health care reform. Expanding Medicaid under the Affordable Care Act, or "Obamacare," was not the best solution for Tennesseans. That is why the vast majority of Tennessee legislators never publicly supported the plan defeated in a special legislative session in February.   It is important to distinguish health care from health insurance. As one physician ... (click for more)

Roy Exum: Our Insult To Israel

I am deeply saddened that over two dozen members of Congress – all Democrats – will be boycotting a speech by Benjamin Netanyahu, the Prime Minister of Israel, when he speaks in Washington tonight. I am also offended that the President of the United States will not receive Netanyahu prior to the speech – a customary gesture on such occasions – because he claims it is too close to ... (click for more)