Monthly Archives: March 2015

House Advances Fincher Bill to Protect Affordable Housing

Congressman Stephen Fincher (TN-08) released the following statement after the House Financial Services Committee passed the Preserving Access to Manufactured Housing Act of 2015 (H.R. 650), important legislation to protect affordable housing:

February Market Report

Memphis-area home sales for February decreased 5.5 percent from a year ago, with 934 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales declined 9.6 percent from January, when there were 1,033 total sales. Average sales price from February-to-February was up 16.2 percent at $147,557.

Alexander Votes to Make it Simpler, Easier for Students to Repay Loans

“I voted for a long-term serious proposal to simplify the maze of student loan repayment options and make it easier for students to manage their loans relative to their income. I voted against an unserious and unfair proposal to raise taxes and increase the debt just to save former students about $1 a day on their loans, on average, and do nothing for current or future students.” –Lamar Alexander

Tennessee Main Street Communities Generated $95 Million in 2014

Tennessee Main Street provides technical assistance and training for communities in developing real-world solutions to make downtowns safe, appealing, vibrant places where folks want to shop, work, live, invest and make memories.

Governor Haslam, Commissioner Boyd Announce Nissan to Undergo Major Expansion at Smyrna Facility

“Not only is Nissan investing in Tennessee by expanding its physical footprint in Smyrna, they are also investing in developing a strong workforce through their manufacturing training center, a big step toward sustaining future automotive demands."

Blackburn, Schrader Introduce Energy Savings & Building Efficiency Act

Representatives Marsha Blackburn (R-TN) and Kurt Schrader (D-OR) last week re-introduced H.R. 1273, the Energy Savings and Building Efficiency Act of 2015, to increase transparency and cost-effectiveness in the development of model energy codes, which set the baseline for energy efficiency in buildings.

Governor Haslam, Commissioner Boyd Announce Gruppo Concorde to Open First U.S. Manufacturing Facility in...

Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Gruppo Concorde officials announced today the company plans to build its first U.S. manufacturing facility in Mt. Pleasant, where it will produce porcelain tiles.

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MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

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Announcement of Maximum Effective Rate of Interest on Home Loans

The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest

October Market Report

MAAR

June Market Report