CNE Accomplishments from the Past 3 Years

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CNE is committed to building and supporting healthy neighborhoods. Through this process, we create opportunities for individuals and families to achieve their aspirations. We level the playing field to achieve success through our affordable rental housing, down payment assistance programs, financial education, and community engagement activities. CNE changes lives and transforms neighborhoods.  

CNE is an organization worthy of your investment. CNE recently received an Exemplary rating from NeighborWorks America. Exemplary is the highest possible rating. The onsite review process evaluates all areas of the organization, including organizational outcomes, board governance, human resources, programs and policies, and financial information. CNE has achieved great success over the past three years. 

Accomplishments

General:

  • Refreshed CNE’s brand: Changed logo, mission, vision and strategic values.
  • Selected to receive VISTA Volunteer for three years, which enabled us to improve our marketing work and data collection processes.
  • Moved from Vulnerable rating to Exemplary rating by NeighborWorks America, resulting in a 466% increase in operating and program funding.
  • Diversified the board and added additional community members who work in CNE’s targeted neighborhoods.
  • Graduated from the NeighborWorks America and Board Source program, Board Excellence in Governance.

Financial:

  • Secured new, more functional office space with $5k in annual savings.
  • Lowered loan delinquencies to below industry standards.
  • Relaunched lending program and increased loan originations by 500% from the first year.
  • Strengthened CCDFI’s balance sheet by eliminating $2.4M in debt.
  • Divested of most stranded and costly properties, making way for new community investment in MLK, 1st and Market and Glass Street.

Programmatic:

  • Purchased 32 lots from Tennessee Temple University. Invested over $750,000 to eliminate environmental issues on the parcels including demolishing the vacant dorms.
  • Created housing development plan on the 32 lots in Highland Park and Ridgedale to spur private investment. 14 new homes in Highland Park built by private developers.
  • Developing a 50-unit mixed-use apartment complex, named after beloved Chattanoogan and CNE board member Mai Bell Hurley.
  • Created and implemented Money School, a yearly free financial education day at which hundreds of Chattanoogans have created new financial goals.
  • Built our first cottage home affordable to someone earning $12 per hour.
  • Received a Neighborhood Marketing grant to help Highland Park residents improve the neighborhood brand and create a more inclusive environment.
  • Renovated 20 apartment units in downtown with 12 units restricted to households earning less than $24,000 per year.
  • Finished Glass House Park, which is now owned by Archway, an organization equipping local youth with exposure and training in the area of marketing and business branding. 
  • Created 354 homeowners, which ensures long term, stable affordable housing for those residents.
  • Demolished one home through the THDA Blight Elimination Program.
  • Sent six community leaders from Ridgedale to the Community Leadership Institute to strengthen the Ridgedale Community Association's leadership.
  • Worked with Incremental Development Alliance to create a toolkit for developers to create Missing Middle Housing in Chattanooga.

Future:

  • Received $300,000 grant from TennCare to pilot 8 units of community-based housing for Seniors as an alternative to a nursing home.
  • Exploring innovative collective impact solutions to include housing, health, and education.