Backed by $2.9 million in federal and state money, more than 40 single-family houses for low- to moderate-income residents will be built or renovated within three years.
“This money helped to kick-start revitalization and neighborhood stability,” Beverly Johnson, administrator for Chattanooga Neighborhood Services and Community Development, said last week.
The money, which came through the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program, will help with a Bushtown development on North Holly Street, Habitat for Humanity houses in South Chattanooga and nearly a dozen renovated or new homes in the Glenwood/Orchard Knob area, she said.
NEIGHBORHOOD SPENDINGNeighborhood Stabilization Program funds will be used to:* Build 12 energy-efficient homes in the 600 block of North Holly Street through Bushtown Tomorrow* Build or renovate 11 homes in the Glenwood/Orchard Knob area through Chattanooga Neighborhood Enterprise, Community Impact of Chattanooga and Lyndhurst Foundation* Acquire and/or redevelop up to eight lots and create affordable, energy-efficient housing through Habitat for Humanity of Greater Chattanooga* Develop eight affordable rental homes for people struggling with homelessness* Acquire and renovate one affordable home for a low- to moderate-income family through Global Impact Construction Services* Acquire, demolish and reconstruct three affordable homes through the 28th Community Development Corp.* Demolish Steiner Apartment public housing and replace with 48 units of new public housing* Provide a minimum of eight hours of homebuyer education for up to 40 eligible familiesSource: Chattanooga Neighborhood Services
All the houses are scheduled to be complete by October 2013, she said.