Financial Assistance


Financial assistance is now available to Tennessee homeowners facing foreclosure


1. What is the Hardest Hit Fund?

Tennessee’s Hardest Hit Funds program provides financial assistance to unemployed or substantially underemployed homeowners who, through no fault of their own, are financially unable to make their mortgage payments and are in danger of losing their homes to foreclosure.
Tennessee is one of 18 states, plus the District of Columbia, that are receiving ‘Hardest Hit Funds’ due to having an unemployment rate that is higher than the national average.

Tennessee’s Hardest Hit Fund program will make homeowners’ payments on their mortgage and mortgage related expenses such as property taxes, homeowner insurance, homeowner association dues, and/or past-due mortgage payments that accumulated during a period of unemployment.

The Hardest Hit Funds are being administered in Tennessee by the Tennessee Housing Development Agency (THDA). The applications for Chattanooga, Hamilton County and surrounding areas will be administered through Chattanooga Neighborhood Enterprise.

Homeowners who qualify for financial assistance may receive up to 18 months of monthly mortgage payments and/or funds to pay past due mortgage payments to bring the mortgage current; these funds are paid directly to the loan servicer/lender. Homeowners in all Tennessee counties will be eligible to apply for this program as of March 1, 2011.

2. Who is CNE? 

CNE is a locally owned and operated HUD Approved Non-Profit Foreclosure Counseling Agency. All of our foreclosure services are completely free of charge. In addition, we are the only counseling agency in southeast Tennessee to be chosen by THDA to administer the Hardest Hit Fund foreclosure assistance program. Eligible applicants could receive up to $40,000 and/or 18 months mortgage payment assistance through the program. CNE has assisted over 2000 local homeowners facing foreclosure since 2008. In the past 12 months CNE has administered over $9 million in financial assistance to area homeowners needing help.

(More information regarding this program can be found on THDA’s website at )

BEWARE OF ANY AGENCY WHO CHARGES A FEE FOR FORECLOSURE PREVENTION SERVICES. If you feel you have been a victim of a modification scam, please take action immediately. Go to

3. How do I apply?

In order to apply for financial assistance, you must first attend a foreclosure prevention application session. Click here to register for an upcoming session. We will send you a checklist of items needed to complete your application. You MUST bring these items to your scheduled appointment. At this session you will complete the necessary forms required for assistance.

If you cannot register online, you may also contact our Foreclosure Prevention Hotline at (423) 664-HOME (4663) and register by phone.

4. What if I have questions?

We are here to help. If you have questions regarding the application process or required documents to apply for the financial assistance, feel free to call our Foreclosure Hotline at 423-664-HOME (4663).