MEMPHIS, TN - December 23, 2009 - (RealEstateRama) — The Obama Administration today announced that the U.S. Department of Housing and Urban Development (HUD) is renewing grant funding needed to keep 104 local homeless assistance programs throughout Tennessee operating. The funding is part of nearly $1.4 billion that will help an unprecedented 6,400 existing programs nationwide to continue offering critically needed housing and services to homeless persons and families. The grants announced today are being awarded through HUD’s Continuum of Care programs. For the first time ever, HUD is quickly providing renewal grants to local programs to prevent any interruption in federal assistance and will announce funding to new projects in early 2010. For a local summary of the grants announced today, visit HUD’s website. more »

WASHINGTON, D.C. - December 1, 2009 - (RealEstateRama) — Congressman Bart Gordon announced that starting today (Dec. 1), first-time homebuyers in Tennessee will be able to take advantage of an $8,000 tax credit for an additional five months, and existing homeowners are eligible for a $6,500 tax credit for new home purchases.  Gordon joined a bipartisan group of his colleagues in successfully urging congressional leaders and the President to extend and expand the homebuyer tax credits. more »

Washington, D.C. - November 5, 2009 - (RealEstateRama) — U.S. Rep. John Tanner helped the House of Representatives pass legislation to help Tennessee families and small businesses hit hardest by the economic downturn. The bill will extend unemployment insurance benefits, the homebuyers’ tax credit, and tax relief for military families and businesses. more »

NASHVILLE, TN - November 4, 2009 - (RealEstateRama) — The National Council of State Housing Agencies has recognized a partnership between the Tennessee Housing Development Agency (THDA) and the Tennessee Department of Revenue with an award for Tennessee’s Community Investment Tax Credit. more »

WASHINGTON, D.C. - October 31, 2009 - (RealEstateRama) — U.S. Representative Bart Gordon is supporting efforts in Congress to extend a popular tax credit that has benefited thousands of new homeowners in Tennessee.  Gordon has strongly urged action on legislation that would extend the First-Time Homebuyers Tax Credit, which is set to expire at the end of November.“This tax credit has been widely successful in Tennessee, where more than 35,000 people have taken advantage of it,” said Gordon.  “By increasing housing demand, it has been effective in helping the housing market and our economy get back on track.” more »

Washington, D.C. - October 8, 2009 - (RealEstateRama) — U.S. Rep. Lincoln Davis today supported the House of Representatives effort to make first-time homebuyer tax credits more flexible for members of our Armed Forces. The Service Members Home Ownership Tax Act of 2009 passed the House by a vote of 416-0. more »

NASHVILLE, TN - July 9, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced the State of Tennessee will receive more than $46 million to support community development and produce more affordable housing. HUD’s annual funding will also help individuals and families who might otherwise be living on the streets and offer real housing solutions for individuals with HIV/AIDS. more »

Washington, DC - July 13, 2009 - (RealEstateRama) – Congressman Steve Cohen (TN-9) today announced that Memphis will receive $3,329,685 from the U.S. Department of Housing and Urban Development (HUD) to help re-house families who fall into homelessness, or prevent them from becoming homeless in the first place.  The funding is provided through the American Recovery and Reinvestment Act (ARRA) to help persons and families facing a sudden financial crisis that could lead to homelessness. more »

Washington, DC - July 9, 2009 - (RealEstateRama) – Congressman Steve Cohen (TN-9), Chairman of the Subcommittee on Commercial and Administrative Law (CAL), today held a hearing on the Obama Administration’s plan to help homeowners on the brink of foreclosure.  The President’s plan allows struggling homeowners to voluntarily modify their mortgage payment. more »

Washington, DC - 06 July 2009 - (RealEstateRama) – Congressman Steve Cohen (TN-9) today announced $14,426,201 in federal funding has been awarded to the Ninth Congressional District by the U.S. Department of Housing and Urban Development, the U.S. Department of Health and Human Services and the National Endowment for the Arts. more »