CHATTANOOGA, Tenn. (AP) - A Chattanooga initiative to revitalize a troubled neighborhood has run into some bumps.
About $1.8 million in grants helped Chattanooga Neighborhood Enterprise build 26 new homes in Bushtown/Orchard Knob. But 12 of them are still empty, and 1 of them has a bullet hole through a window.
The group's Abby Garrison told the Chattanooga Times Free Press (http://bit.ly/PM7rZu) the homes are for people who want affordable housing close to downtown.
The three-bedroom, two-bath homes sell for about $130,000 and come with a $15,000 loan incentive that's free money to anyone who stays for five years.
But crime is still a factor.
And a search of Realtor.com showed the houses are priced well above the $70,000 and $80,000 homes that fill most of the neighborhood.
Information from: Chattanooga Times Free Press, http://www.timesfreepress.com
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