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IDB approves $1.5 million to Chattanooga Housing Authority for James A. Henry hub renovation
Summary
The Industrial Development Board approved a $1.5 million allocation and an internal transfer to support phase 1 renovation and expansion of the James A. Henry hub, part of the City and CHA's Choice Neighborhoods implementation grant; staff listed expected incoming funds to replenish the IDB account.
The Industrial Development Board approved two resolutions Monday to support the Chattanooga Housing Authority's James A. Henry Hub renovation. The first resolution authorized allocation of $1,500,000 from the IDB renewing Chattanooga account NR17 to the Chattanooga Housing Authority to fund phase 1 renovation and expansion at 1241 Grove Street. The board approved a second resolution transferring $1,500,000 from the IDB pilots…
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