Nov 20th, 2015 by RealEstateRama
The Tennessee Housing Development Agency, Habitat for Humanity of Greater Memphis and Habitat for Humanity International announced a major challenge grant to kick off the fundraising effort for Habitat’s 2016 Jimmy & Rosalynn Carter Work Project in Memphis. THDA will match the first $1 million in donations for the project.
Nov 13th, 2015 by RealEstateRama
Memphis-area home sales for October decreased 3.5 percent from a year ago, with 1,336 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 6.2 percent from September, when there were 1,424 total sales. Average sales price from October-to-October was up 4.3 percent, at $156,692. Inventory decreased 1.8 percent, with 6,291 units listed for sale.
Nov 9th, 2015 by RealEstateRama
“We are grateful that the EPA has recognized a need in our city and is taking steps to address it by piloting this program in Memphis,” said Mayor A C Wharton, Jr. “Appropriate training for those who will be renovating, repairing and painting homes with lead-based paint is critical to making these homes safe for some of our most vulnerable citizens. This project represents a growth opportunity for local companies and an opportunity to enhance the safety and livability of these aging homes.”
Oct 15th, 2015 by RealEstateRama
Memphis-area home sales for September decreased 9.5 percent from a year ago, with 1,424 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 4 percent from August, when there were 1,483 total sales.
Oct 8th, 2015 by RealEstateRama
The U.S. Senate will take a first step this week toward considering a bipartisan energy and water appropriations bill, and U.S. Sen. Lamar Alexander is urging Senate Democrats to allow the bill to be considered by the full Senate.
Sep 28th, 2015 by RealEstateRama
Congressman Steve Cohen (TN-09) was joined by Mayor A C Wharton, Housing and Urban Development Director Ed Jennings, and Rosalyn Willis from McCormack Baron Salazar in announcing that Memphis will receive $30 million in federal funding to redevelop Foote Homes and revitalize Memphis after winning President Obama’s Choice Neighborhood competition. Earlier this year, the City of Memphis was selected by the U.S. Department of Housing and Urban Development (HUD) as one of nine finalists for this grant after a multi-year effort by Congressman Cohen, Mayor Wharton and others in the city, to encourage the Obama administration to designate Memphis as a Choice Neighborhood.
Sep 22nd, 2015 by RealEstateRama
Nearly two dozen individuals and organizations have been nominated by their peers for a 2015 Tennessee’s Best award. Award winners will be announced during the Tennessee Governor’s Housing Conference, which is being held Oct. 7-8 at the Music City Center in Nashville, organized by the Tennessee Housing Development Agency
Sep 7th, 2015 by RealEstateRama
Memphis-area home sales for August increased 13.1 percent from a year ago, with 1,483 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 12 percent from July, when there were 1,685 total sales. Average sales price from August-to-August was up 1.8 percent at $164,944. Inventory decreased 2.5 percent, with 6,374 units listed for sale. Monthly sales volume YTD increased 8.8 percent to $1.74 billion.
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
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 »