Community Research Council
Turning Data Into Information

 

A United Way of Greater Chattanooga Member Agency

   

Housing -Ownership


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Indicator - Total Dollar Amount of Loans Made By Chattanooga Neighborhood Enterprise

Trend INCREASING. From 1990-91 to 1998-99 the total dollar amount of loans increased by 314%.
Comparisons Due to the unique public-private nature of Chattanooga Neighborhood Enterprise, Chattanooga has built and renovated far more housing than most other communities of similar size.
Discussion

Chattanooga Neighborhood Enterprise (CNE) is a private, nonprofit organization created in 1986 to develop, finance, renovate, and manage affordable housing for citizens with low to moderate incomes.

CNE activity reflects the ability of the community to allow more of its citizens to achieve the "American dream" of home ownership and self-sufficiency.

CNE plays three major roles. First, it provides loans and mortgage financing tailored to individual housing needs and to the borrower's ability to pay. It also lends to home owners for home repairs. Second, CNE has developed and manages over 100 units of affordable rental property along with a small transitional housing program for homeless people. Finally, it works with neighborhood organizations to renew deteriorating inner city neighborhoods and provides home-buyer education to the community.

 

 Year

 Chatt.

 1990-91
 $7,045,165
 1991-92
 $7,201,129
 1992-93
 $12,551,641
 1993-94
 $18,496,938
 1994-95
 $15,277,106
 1995-96
$15,040,942
 1996-97

$16,173,756

1997-98
$17,586,000
1998-99
$22,124,000
 


Source: Chattanooga Neighborhood Enterprise

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Indicator - Total Home Purchase Loans Made By Chattanooga Neighborhood Enterprise

Trend INCREASING. From 1990-91 to 1997-98 the total number of home purchase loans increased by 247.4% despite decreases from 1993-94 to 1996-97.
Comparisons Due to the unique public-private nature of Chattanooga Neighborhood Enterprise, Chattanooga has built and renovated far more housing than most other communities of similar size.
Discussion

Chattanooga Neighborhood Enterprise (CNE) is a private, nonprofit organization created in 1986 to develop, finance, renovate, and manage affordable housing for low to moderate income citizens.

CNE activity reflects the ability of the community to allow more of its citizens to achieve the "American dream" of home ownership and self-sufficiency.

CNE plays three major roles. First, it provides loans and mortgage financing tailored to individual housing needs and to the borrower's ability to pay. It also lends to home owners for home repairs. Second, CNE has developed and manages over 100 units of affordable rental property along with a small transitional housing program for homeless people. Finally, it works with neighborhood organizations to renew deteriorating inner city neighborhoods and provides home-buyer education to the community.

 

 Year

 Chatt.

 1990-91

 95

 1991-92

 93

 1992-93

 213

 1993-94

 342

 1994-95

 281

 1995-96

264

 1996-97

254

 1997-98

330

1998-99
330
 

Source: Chattanooga Neighborhood Enterprise

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Indicator - Number of Households Receiving Home Owner Education/Budget
Counseling at Chattanooga Neighborhood Enterprise

Trend INCREASING. Despite a recent leveling off, from 1990-91 to 1998-99 the number of households receiving home owner education/ budget counseling at Chattanooga Neighborhood Enterprise increased by 881%.
Comparisons Due to the unique public-private nature of Chattanooga Neighborhood Enterprise, Chattanooga has built and renovated far more housing than most other communities of similar size.
Discussion

Chattanooga Neighborhood Enterprise (CNE) is a private, nonprofit organization created in 1986 to develop, finance, renovate, and manage affordable housing for low to moderate income citizens.

CNE activity reflects the ability of the community to allow more of its citizens to achieve the "American dream" of home ownership and self-sufficiency.

CNE plays three major roles. First, it provides loans and mortgage financing tailored to individual housing needs and to the borrower's ability to pay. It also lends to home owners for home repairs. Second, CNE has developed and manages over 100 units of affordable rental property along with a small transitional housing program for homeless people. Finally, it works with neighborhood organizations to renew deteriorating inner city neighborhoods and provides home-buyer education to the community.

The decrease in 1995-96 reflects a change in the way CNE collects this data in order to eliminate double counting.

 

 Year

 Chatt.

 1990-91

 112

 1991-92

 147

 1992-93

 383

 1993-94

 846

 1994-95

 969

 1995-96

809

 1996-97

835

 1997-98

831

1998-99
987
 

Source: Chattanooga Neighborhood Enterprise

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