Sep 1st, 2015 by RealEstateRama
Under the proposed new rules, developers can earn points on their Low Income Housing Tax Credit (LIHTC) application if the property qualifies for full Enterprise Green Communities certification. In addition, other energy-saving measures that once qualified for points, such as programmable thermostats and ENERGY STAR® certified clothes dryers, will now be mandatory to be eligible for the competitive tax credit program
Aug 12th, 2015 by RealEstateRama
Passco Companies, LLC has acquired The Lexington Apartments, a 598-unit, Class-A garden-style multifamily community located in the Bellevue submarket of Nashville, Tennessee for $93.5 million, according to Colin Gillis, Passco Companies’ Director of Acquisitions, Southeast
Aug 10th, 2015 by RealEstateRama
MEMPHIS, Tenn., Aug. 6, 2015 – Memphis-area home sales for July increased 12.6 percent from a year ago, with 1,685 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 1.3 percent from June, when there were 1,663 total sales. Average sales price from July-to-July was down 3.3 [...]
Aug 6th, 2015 by RealEstateRama
THDA is launching a new $6 million program to combat blight by transforming eligible homes into green spaces. At a media conference Wednesday morning, August 5, 2015, THDA Executive Director Ralph M. Perrey and Memphis Mayor A C Wharton jointly announced the Blight Elimination Program (BEP). Under the program, qualified nonprofits will receive forgivable loans to acquire abandoned homes out of foreclosure, demolish them, and transform the property into a community park, affordable housing, or other beneficial public function
Aug 5th, 2015 by RealEstateRama
Based on permits issued last month, homebuilders in Tennessee have plans to break ground on 2,006 new single family homes. The June number is up from 1,871 housing starts in May and represents a new highpoint since the housing crisis began seven years ago
Aug 4th, 2015 by RealEstateRama
Starting Saturday, Aug. 1, THDA is expanding its highly effective homebuyer education program to include online classes. Open to anyone in Tennessee, the online class covers the ins and outs of buying a home, from insurance to financing to repairs. Registration is $99
Jul 28th, 2015 by RealEstateRama
Congressman Steve Cohen (TN-09) today announced a total of $1,352,963 in federal funds to support affordable housing programs and facilities in Shelby County. This funding comes through the U.S. Department of Housing and Urban Development’s (HUD) Community Development Block Grant (CDBG) and HOME Grant programs.
Jul 20th, 2015 by RealEstateRama
Three Clarksville, Tennessee, men pleaded guilty to using a firearm to kill during a home-invasion robbery. Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division and U.S. Attorney David Rivera of the Middle District of Tennessee made the announcement.
Jul 16th, 2015 by RealEstateRama
Congressman Steve Cohen (TN-09) commended Memphis’ selection as a participant in President Obama’s new ConnectHome initiative, which is aimed at accelerating broadband internet adoption by families and children through partnerships with local governments, private industry, non-profits, and other entities focused on tailoring internet access solutions to our community. Nationwide, both low-income and African-American households are significantly less likely to have internet access at home than other households.
Jul 15th, 2015 by RealEstateRama
Congressman Steve Cohen (TN-09) announced today that the U.S. Department of Housing and Urban Development (HUD) has selected the city as one of nine finalists for a HUD Choice Neighborhood Implementation Grant. The city will now compete for an individual federal grant worth up to $30 million, with winners expected to be announced in September. Today’s announcement follows years of effort by Congressman Cohen, working with Mayor Wharton and others in the city, to encourage the Obama administration to designate Memphis as a Choice Neighborhood
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 »