City Of Chattanooga 2014 Rental Property Renovation Program

Friday, March 28, 2014

The City of Chattanooga Department of Economic and Community Development has funding available to assist private landlords in renovating their rental units. The program awards grants to property owners who substantially renovate their rental units and agree to keep them affordable for a five-year period. Following are some of the program details and requirements:

1)         Rental units must be vacant at the time of application and renovation.

2)         Rental units must require significant renovation work.

3)         The grant covers 50 percent of renovation costs, up to a maximum of $12,000 for a three-bedroom unit, $10,000 for a two-bedroom unit, and $8,000 for a one-bedroom unit.

4)         There is a limit of two rental units per owner/applicant.

5)         All building codes will apply and all building permits must be secured.

Applications will be chosen on a competitive basis.

Applications will be available beginning April 1, on the City of Chattanooga website under Economic and Community Development/Public Notices. Applications may also be obtained in the reception area of the Office of Economic and Community Development, second floor of City Hall.

Once applications are completed, they may be hand delivered or mailed to: Economic and Community Development, 101 E. 11th Street, City Hall, Suite 200, Chattanooga, Tn. 37402. Applications are due by 4 p.m. on April 30.

For more information, please call Doug Smith at 423 643-7336.


Board Delays Action On Choo Choo Plan To Convert 97 Hotel Rooms To Apartments

The city Housing, Education and Welfare Board delayed action Friday on a plan by the Chattanooga Choo to convert 97 of its hotel rooms to apartments. The board is set to meet on a PILOT agreement for the project later. The PILOT is for 12  years with a four-year phase-in period (20 percent each year). The project is in Building 2. (click for more)

Downtown Chattanooga Office Building Sells For $4.4 Million

A downtown Chattanooga office building has been sold for $4.4 million. The sale is to Amca Lp from Cbb Real Estate Partners, which has offices in the Krystal Building. The location is at 736 Broad Street at the corner of Eighth. It was built around 1927 and has 109,642 square feet of space.   (click for more)

Investor Group Plans $31 Million Hotel In Chattanooga Bank Building

An investor group announced that it is planning the development of an upscale 150-room hotel in the historic Chattanooga Bank Building. MCA is comprised of 20 EB-5 investors as limited partners with Red Leaf Development, managed by David Roos, as the general partner. Long-time partner PHG is involved in the development of the hotel and will be responsible for its management ... (click for more)

Police Say Texts From Slain Minister Detailed Drug Deals

An investigator testified Thursday that a minister who was beaten to death during an apparent drug deal had texts on his phone dealing with similar exchanges of illegal drugs. The minister's wife said he had gone out that night as part of a church counseling program to women. General Sessions Court Judge Clarence Shattuck bound charges of felony murder and especially aggravated ... (click for more)

Please Don't Close The Piccadilly Cafeteria At Hamilton Place

Oh, no. The Piccadilly Cafeteria at Hamilton Place is closing.  Its last day is Christmas Eve.  I will miss the great food they have there but most of all I will miss their servers, cashiers and waitresses.  They are all so friendly and accommodating.  They make it like it’s a home-style restaurant. I sure wish there was some way that Hamilton Place and ... (click for more)

Roy Exum: God Bless Cathy & Co.

The secret to the whole thing is not getting caught but somebody at the Toys R Us store in Framingham, Mass., had a camera when Cathy O’Grady was very quietly paying off all the layaway balances at the popular location last week. The picture snaked its way onto social media sites and her friends quickly recognized the area’s most famous “layaway angel.” Then somebody in nearby ... (click for more)