Tennessee State Government and Public Real Estate News

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.
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.
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.
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
Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with UBS officials announced today the company will expand its current operations in Middle Tennessee by opening a new office in Williamson County at One Franklin Park. UBS will invest $11.2 million to outfit the space, which will accommodate the growth of the UBS Business Solution Center, as well as, a satellite branch office for Wealth Management Americas financial advisors, creating over 350 new jobs over the next several years.
The Preiss Company has been selected by Stonemont Financial Group to manage The Station at Martin, a 384-bed student housing community serving The University of Tennessee at Martin. This marks the 15th new property management assignment for The Preiss Company in the past nine months, including the second community in the state of Tennessee.
In the eleventh in the series of videos introducing the Republican members of the Senate Energy and Natural Resources Committee, U.S. Sen. Lamar Alexander, R-Tenn., today shares his vision for America’s energy future that unleashes nuclear power, wisely invests in energy research, and protects America’s national treasures
With single-family housing starts and pending sales of existing homes approaching a 10-year high, Governor Bill Haslam has declared June to be Homeownership Month in Tennessee. "Homeownership strengthens families, encourages residents to take an active role in their neighborhoods and communities, and serves as one of the most important drivers of economic growth in our state," said THDA Executive Director Ralph M. Perrey.
With mortgage interest rates rising fast, Tennessee homebuyers may be in for a pleasant surprise. THDA’s Great Choice mortgage program is very competitively priced. “Encouraging homeownership is tremendously important to the state economically, but the benefits on the individual family level are even more important,” said THDA Executive Director Ralph M. Perrey. “When families own their own homes, they have opportunities to build equity and create wealth for their long-term financial security.
“Tennessee is full of history, and the presidency of James K. Polk is one of our state’s great contributions to our nation’s history. … The special resource study that this legislation would requireis the next step toward preserving President Polk’s home and belongings, and I am glad to have the support of the National Park Service.” – Lamar Alexander
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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