Tennessee State Government and Public Real Estate News

For the fourth consecutive year, Nissan is partnering with the Heisman Trophy Trust to begin construction of a Habitat for Humanity home in a community where the automaker has a business presence. This year the home is located north of Nashville.
U.S. Senators Jeff Merkley of Oregon and Patty Murray of Washington announced today that the U.S. Senate is pressing the U.S. Army of Corps of Engineers (Army Corps) to move forward with construction of new tribal housing at historical fishing sites to replace villages that were flooded during the creation of the Columbia River dams
The Memphis Area Association of REALTORS® Commercial Council honored the top performers in commercial real estate for 2015 at the 15th Annual Pinnacle Awards gala held April 7 at the Memphis Botanic Garden. Coming away with the evening’s highest honors were Commercial Hall of Fame inductee Phillip McNeill, Commercial Broker of the Year Joe Steffner, of Newmark Grubb Knight Frank, and Legacy Award winner Gene Woods. The Community Impact Award went to Crosstown Concourse.
The Tennessee Department of Environment and Conservation (TDEC) has issued a temporary Water Contact Advisory for McKellar Lake and the lower portion of Cypress Creek in Memphis following new E. coli results from a broken sewer line.
The Tennessee Housing Development Agency (THDA) is seeking public comment on the State of Tennessee’s Annual Action Plan, which serves as the State’s application for four federal housing programs
The Tennessee Department of Environment and Conservation’s mobile household hazardous waste collection service will be in Bedford and Montgomery Counties on March 19. Since the program’s inception in 1993, more than 322,000 households have properly disposed of more than 21 million pounds of material.
Memphis-area home sales for February increased 7.8 percent from a year ago, with 1,040 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 8.8 percent from January, when there were 956 total sales. Average sales price from February-to-February was down 8.5 percent, at $139,335. Inventory increased 1.8 percent, with 5,474 units listed for sale. YTD sales volume decreased by 6.5 percent from February 2015, at $279.5 million.
In response to a speech today by Federal Housing Finance Agency Director Mel Watt, U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking Committee, said concerns about capital at government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are not reason to return to the failed housing finance model that existed before the GSEs went under government conservatorship
U.S. Sen. Lamar Alexander (R-Tenn.) today released the following statement after the U.S. Supreme Court blocked the Obama Administration’s Clean Power Plan until legal challenges to the law are resolved.
Congressman Steve Cohen (TN-09) today welcomed the Department of Housing and Urban Development’s (HUD) decision to abate the Housing Assistance Payment (HAP) contract of Warren Apartments, Tulane I Apartments, and Tulane II Apartments due to owner’s default. Warren and Tulane apartments are owned by the Global Ministries Foundation (GMF). Pursuant to the HAP Contracts and HUD regulations, GMF is required to maintain the units in a decent, safe, and sanitary manner but has failed to do so.
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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