City Of Chattanooga Grants HOME Funds For 16 Affordable Housing Units In Chattanooga

Tuesday, February 21, 2017

Chattanooga City Council approved a plan from the Department of Economic & Community Development (ECD) to administer more than half a million dollars in federal funds for the creation of 16 affordable housing units in neighborhoods across Chattanooga. These funds from the United States Department of Housing and Urban Development (HUD) are designated under the HOME program, which generates affordable housing for low-income Chattanoogans.

“Thanks to the hard work of our local partners and dedicated ECD staff, we have made progress in creating affordable housing options in Chattanooga. But there is more work to be done,” said Mayor Andy Berke. “Through City initiatives that increase our affordable housing stock and decrease blight, to getting the most out of every federal dollar we receive, we will continue to work hard to ensure affordable, quality housing options for more Chattanoogans across our city.”

Every year ECD accepts applications, reviews developer’s plans, and approves projects to receive HOME funding to create more affordable housing for low-income Chattanoogans.  Projects approved in this first round of funding this year are in Districts 7, 8 and 9 in Chattanooga and will create housing for 16 low-income households - for a family of four, that’s an income of $36,720 or less.


Community Development is dedicated to the revitalization of low-to-moderate income neighborhoods and the economic improvement of its residents,” said Sandra Gober, manager of Community Development, a division of ECD. “Having partners who are committed to affordable housing and their community is so important as we continue to fill in the gaps in our housing stock and provide more options for our citizens who are living on a lower income.”


Projects receiving funding in this round are in the Alton Park, Avondale, Ridgedale and Oak Grove neighborhoods. Of the 16 units receiving HOME funds, Chattanooga Neighborhood Enterprise, which builds homes and revitalizes neighborhoods in historically underserved parts of the city, is building eight affordable rental units in the Ridgedale Neighborhood.


“CNE looks forward to continuing its longstanding partnership with the City of Chattanooga,” says Martina Guilfoil, president and CEO of Chattanooga Neighborhood Enterprise. “We are excited to marry our Missing Middle housing prototype with eight new affordable housing units to the Ridgedale neighborhood.”


During the process to grant HOME funds, ECD looks for community partners who use creative ways to improve neighborhoods and the housing stock in Chattanooga and who can assist in increasing the supply of decent and affordable housing. Applicants for HOME funds can be both for profit or nonprofit but are required to keep the housing affordable for low-income families.


HOME funds are used only for acquisition, rehabilitation, and new construction of housing or tenant-based rental assistance. The housing is reserved for people who are low income, which also serves citizens with special needs such as homeless, seniors, veterans or people living with disabilities.


The City Council approved a resolution authorizing ECD to administer the HOME funds for a total amount not to exceed $635,000 to build the 16 affordable housing units in Chattanooga. The City funds - in the form of grants from HUD - are provided only as gap financing that the developer does not have available from other sources, and the funding is limited to half of the construction or renovation cost per unit.


As funding is available, ECD plans to open the application period for HOME funds at least two more times this year. For more information visit: http://www.chattanooga.gov/economic-community-development/community-development/the-home-investment-partnership-act-home.



Developers Sought For Former Coats American Property In Walker County

The Walker County Development Authority (WCDA) moved forward with plans this week to put the former Coats American property in Rossville on the market. The WCDA issued a Request for Proposals (RFP) from area business leaders and others to purchase the eight acre site. In addition to submitting a monetary offer, potential buyers should describe their plans for the property, ... (click for more)

Chattanooga's Compass Auction Featured In Magazine For Handling 2 Big Auctions

Chattanooga-based Compass Auctions & Real Estate was featured in Auctioneer magazine for handling two big auctions successfully in 2017. The article says, "Despite two very different sellers with extremely different assets, NAA Pro Paige Holt and her team at Compass Auctions & Real Estate, a Chattanooga, Tn.-based auction and real estate company, accomplished two massive ... (click for more)

Fleischmann Blames Senate Democrats On Government Shutdown

Congressman Chuck Fleischmann blamed Senate Democrats after the Senate’s failure to pass the Continuing Resolution (CR), putting a government shutdown into place. He said,  “I cannot fathom how Senate Democrats, knowing the severity of the issues in question, acted with such insensitivity using our children and our military as pawns, putting party over country. ... (click for more)

Elderly Man Dies In House Fire In Cleveland

An elderly man died in a house fire in Cleveland on Friday night. Neighbors said they were able to pull a woman from the flames at the home at 685 4th St. SE, but were unable to save the man. Fire crews went to the scene shortly after 7 p.m. The cause of the fire is being investigated. (click for more)

DACA Or Amnesty To Become The Majority?

As we have the political drama that we see in D.C. let’s be honest about what DACA is all about. We understand as the liberal policies of abortion, dependency on the government and an anti-American globalist / progressive agenda that many have come to realize these policies no longer represent their core beliefs and have left a certain party. Without an influx of new dependency ... (click for more)

Roy Exum: The Saturday Funnies

It is said that a 15-year-old in Minnesota, where just like the rest of the United States prayer in schools is prohibited, was tasked with writing an essay. He turned in his paper and, as it was returned with an A-plus, it is only fitting that something this clever should begin this week’s edition of The  Saturday  Funnies. Those who enjoy the Funnies understand that ... (click for more)