New apartments, including income-restricted, now available
CNE is a nonprofit housing organization that aims to create economically diverse neighborhoods filled with financially empowered citizens and housing for all. (Photo: Staff) New apartments, including some with income-restricted rents, are now open for leasing near Highland Park. Chattanooga Neighborhood Enterprise has been working on the project, which includes 49 residential units , for about three years. “We were able to buy 32 vacant parcels from Tennessee Temple before they closed down campus,” CNE President and CEO Martina Guilfoil said. Of the 49 units, 41 are one-bedroom, six are two-bedroom and two are three-bedroom. Eleven of the units are income-restricted for lower-income households. Rent for the 39 “market rate” apartments, which CNE aims to make affordable for young professionals, ranges from $800 to $1,500 a month. The income- restricted rents range from $462 to $884, and a lottery will be used for initial leasing of these units. Rent from the market rate unit...