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Hamilton County board hears plan to lease West 40th land for 75-unit employee housing
Summary
Chattanooga Neighborhood Enterprise proposed leasing two Hamilton County School parcels on West 40th to build roughly 75 workforce units for district employees and first responders; CNE would finance and manage the development while the district would retain land ownership. The board will consider an option‑to‑lease on Jan. 15.
Chattanooga Neighborhood Enterprise (CNE) proposed on Dec. 21 to lease two Hamilton County Schools parcels on West 40th and build roughly 75 workforce housing units intended for district employees and other public servants.
Chris Thompson, CNE chief executive officer, told the school board the nonprofit would be the primary financier and property manager; the district’s only contribution would be leasing the land and retaining ownership. "HCS will not be contributing financially in any way," Thompson said during the presentation. CNE said its goal is to keep rents ‘‘under $1,000 per person’’ for targeted employee households.
Why it matters: board members said teacher recruitment and retention remain a high priority and that housing access can be an important incentive, but they also raised legal and…
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