Chattanooga Neighborhood Enterprise (CNE)
Chattanooga, TN 11–50 employees 19 principals
Last updated
About Chattanooga Neighborhood Enterprise (CNE)
Chattanooga Neighborhood Enterprise (CNE) is a real estate operator headquartered in Chattanooga, TN. Chattanooga Neighborhood Enterprise (CNE) operates in Chattanooga, Tennessee-Georgia. Its investment focus is on Affordable Housing, Multifamily - Ground-up and Multifamily - Value-Add.
Chattanooga Neighborhood Enterprise (CNE) is a non-profit housing and community development organization headquartered in Chattanooga, Tennessee. Founded in 1986, the organization celebrates 40 years of continuous operation dedicated to fostering equitable neighborhood growth, expanding affordable housing options, and driving economic stability across the city's diverse communities. Alongside its physical development pipeline, CNE operates a comprehensive financial platform, managing an active $9 million mortgage portfolio through its dedicated Homeownership Center to support local residents. The organization concentrates its real estate platform on the creation and preservation of vibrant, mixed-income residential communities. CNE's building and infill strategies span multiple asset classes, including single-family homes, small-scale multi-unit residences, and low-rise apartment buildings. To aggressively expand the city's housing inventory, the firm operates under a targeted five-year strategic development plan to construct 450 new housing units, with at least 20 percent strictly designated as income-restricted units to shield low- and moderate-income households from displacement. The nonprofit's project track record focuses heavily on urban infill and "missing middle" housing types, which insert density into historic neighborhoods such as Highland Park, Oak Grove, and Ridgedale in a manner that preserves existing architectural scale. Beyond direct vertical construction, CNE provides an integrated suite of neighborhood stabilization and lending services, including home improvement financing, homebuyer education, foreclosure prevention counseling, and down payment assistance programs. This dual approach enables CNE to build new mixed-income infrastructure while empowering existing residents to build generational wealth and maintain stable, long-term homeownership.