"Chattanooga is a city of safe, beautiful, connected neighborhoods where businesses and families can thrive" is the vision behind a series of investments that the city of Chattanooga is preparing to make in neighborhoods across the city over the course of the next several months, said officials.
The city’s focus in building stronger neighborhoods centers around three initiatives: The Neighborhood Reinvestment Fund, the Small Business Corridor program and the Affordable Housing Fund.
The Neighborhood Reinvestment Fund builds on the strengths of Chattanooga’s neighborhoods, with a particular focus on opportunities for meaningful place-based investment determined by a comprehensive planning process, said officials.
The city of Chattanooga’s Small Business Corridor program is an initiative to help small businesses that have successful track records but find it difficult to grow their revenues, customer base, or workforce. The resources made available through this program, which is intended business owners who cannot otherwise find sources of capital, will fund infrastructure improvements, professional marketing help, or training and certification programs.
In his 2018 State of the City address, Mayor Berke announced the Affordable Housing Fund -- the first in Chattanooga’s history -- to help produce and preserve housing for low-income families. The fund was capitalized with an investment of $1 million per year for the next five years.
“Chattanooga is growing and that affects every part of our city,” said Mayor Berke. “Supporting our neighborhoods improves the quality of life for all of our residents.”
Mayor Berke will visit Brainerd’s Tacoa Park on Monday, which will receive a new playground and additional park updates as one of the Neighborhood Reinvestment Fund projects slated for 2019.
“This is about more than replacing some playground equipment,” Mayor Berke said. “In a neighborhood, every improvement has a big impact. These investments improve public safety, create more foot traffic for small businesses, and keep all of our neighborhoods strong.”
The mayor will hold two additional events on Feb. 18 and 25, where he will meet with small business owners who can potentially receive funding from the SBC and visit a property in Avondale to announce a new initiative of the Affordable Housing Fund.
Placemaking in Tacoa Park with Andy Berke
Tacoa Park, 5205 Tacoa Circle
Monday at 11:45 a.m.
Small Business Corridor Tour with Mayor Andy Berke
Monday, Feb. 18, at 11:30 a.m.
Affordable Housing Press Conference with Mayor Andy Berke
Monday, Feb. 25, at 1:30 p.m.
Additional event details will be shared closer to the date. For more information on the Neighborhood Reinvestment Fund visit connect.chattanooga.gov/NRF.