We study the effect of a chemically or deformation-induced charge-density w
ave on the spin-density-wave ground state of the Hubbard model at half-fill
ing. We also consider the effect of a lattice deformation associated with a
dimerization of the hopping term, thus introducing a competition with a pa
ramagnetic bond-alternating phase. The slave-boson approach is used as an i
nterpolation scheme to treat the electronic correlations from weak to stron
g coupling and determine the phase diagram of the model. We also apply our
results to describe the neutral-ionic transition in organic mixed-stack don
or-acceptor crystals.