Tennessee State Government and Public Real Estate News

Congressman Stephen Fincher (TN-08) released the following statement after the House Financial Services Committee passed the Preserving Access to Manufactured Housing Act of 2015 (H.R. 650), important legislation to protect affordable housing:
Memphis-area home sales for February decreased 5.5 percent from a year ago, with 934 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales declined 9.6 percent from January, when there were 1,033 total sales. Average sales price from February-to-February was up 16.2 percent at $147,557.
“I voted for a long-term serious proposal to simplify the maze of student loan repayment options and make it easier for students to manage their loans relative to their income. I voted against an unserious and unfair proposal to raise taxes and increase the debt just to save former students about $1 a day on their loans, on average, and do nothing for current or future students.” –Lamar Alexander
Tennessee Main Street provides technical assistance and training for communities in developing real-world solutions to make downtowns safe, appealing, vibrant places where folks want to shop, work, live, invest and make memories.
“Not only is Nissan investing in Tennessee by expanding its physical footprint in Smyrna, they are also investing in developing a strong workforce through their manufacturing training center, a big step toward sustaining future automotive demands."
Representatives Marsha Blackburn (R-TN) and Kurt Schrader (D-OR) last week re-introduced H.R. 1273, the Energy Savings and Building Efficiency Act of 2015, to increase transparency and cost-effectiveness in the development of model energy codes, which set the baseline for energy efficiency in buildings.
Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Gruppo Concorde officials announced today the company plans to build its first U.S. manufacturing facility in Mt. Pleasant, where it will produce porcelain tiles.
Congressman Steve Cohen (TN-09) today announced $6,701,299 in federal funds to help improve and modernize public housing facilities in the Ninth District. The Memphis Housing Authority will receive a total of $6,589,736 and the Millington Housing Authority will receive $111,563 in 2015 Capital Fund Program grants from the U.S. Department of Housing and Urban Development
Memphis-area home sales for April declined 7.6 percent from a year ago, with 1,297 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales increased 8.4 percent from March, when there were 1,197 total sales. Average sales price year-over-year increased 7.3 percent to $146,070. Inventory increased 2.8 percent, with 6,088 units listed for sale. YTD sales volume increased 3.9 percent to $645.3 million
Congressmen Steve Cohen (TN-09) and Jim McDermott (WA-07) today introduced the Limiting Investor and Homeowner Loss in Foreclosure Act of 2014 to prevent foreclosures and help struggling families keep their homes. The newly-introduced legislation would encourage debtors and secured lenders to come together to discuss and secure mutually beneficial resolutions of their mortgage difficulties.
Corker Looks Forward to Successful Markup of Housing Finance Reform Legislation

WASHINGTON, D.C. – March 31, 2014 – (RealEstateRama) — U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking Committee, issued the following statement today after Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho) announced the committee will markup the Housing Finance Reform and Taxpayer Protection Act (S.1217), a bipartisan bill introduced last year by Corker and Senator Mark Warner (D-Va.) and cosponsored by a bipartisan group of 10 senators, on Tuesday, April 29, 2014 at 10:00 A.M. more »

 
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