THDA announces winners of 2016 Tennessee’s Best awards

The Tennessee Housing Development Agency has announced the winners of the 2016 Tennessee’s Best awards during the Governor’s Housing Conference held this month in Nashville.

SFMO: Cooking Remains Leading Cause of Home Fires for Fifth Straight Year

The State Fire Marshal’s Office (SFMO) urges Tennesseans to be mindful in the kitchen as fire data shows cooking to be the leading known cause of reported home fires, civilian injuries, and property loss in Tennessee for the fifth consecutive year.

Commissioner Gonzales Announces Non-Depository Financial Institution Annual Supervision Fee For Fiscal Year 2016-2017

Pursuant to Tenn. Code Ann. § 45-1-118(i), Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today the annual supervision fee for non-depository financial institutions in fiscal year 2016-2017, effective October 14, 2016. The fee is $1,025.00 for mortgage licensees and flexible credit licensees, and $625.00 for all other licensees and registrants, except mortgage loan originators, w

September Market Report

MEMPHIS, Tenn., Oct. 7, 2016 – Memphis-area home sales for September increased 11.4 percent from a year ago, with 1,616 total sales recorded in...

Rutledge Statement Following Oral Arguments Challenging EPA’s Power Plan

Arkansas Attorney General Leslie Rutledge released a statement today after the conclusion of oral arguments in West Virginia v. EPA, the court challenge to the Environmental Protection Agency’s Clean Power Plan

Perrey Elected NCSHA Vice President

Executive directors from all 50 state housing agencies have cast their votes, and Tennessee’s Ralph M. Perrey has been elected vice president of their national organization. The National Council of State Housing Agencies (NCSHA) is hosting its annual conference in Miami this week. Elections for the organization’s five-member executive committee were held Sunday, Sept. 25. Perrey, who leads the Tennessee Housing Development Agency (THDA), previously served two terms as secretary/treasurer of the organization

Profit Dixon Delivers First Units at Peyton Stakes; Apartment community is first in Nashville...

Proffitt Dixon Partners, a Charlotte-based multifamily investment and development firm, said today Peyton Stakes is nearing completion in Nashville and their first residents began moving in last week. The apartment community is comprised of 249 units between two connected buildings.

Real Estate Investor Charged in 14-Count Indictment Alleging Bank and Mail Fraud, Money Laundering

A real estate investor has been charged in a 14-count indictment that alleges he defrauded three banks and a mortgage lending business. Edward L. Stanton III, U.S. Attorney for the Western District of Tennessee, announced the indictment today

MAAR Members Elect Board of Directors for 2017-2018

At the Memphis Area Association of REALTORS® Annual Meeting and Election September 8, MAAR members elected six individuals to the 2017-2018 Board of Directors.

IMPROVED OVERSIGHT OF FEDERALLY SUBSIDIZED HOUSING PROPERTIES NEEDED

During a hearing today on oversight of the U.S. Department of Housing and Urban Development (HUD) inspection process, U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development, expressed the need for improved oversight of federally subsidized housing properties and thanked Senators Marco Rubio (R-Fla.) and Bill Nelson (D-Fla.) for highlighting the problem of neglectful landlords at HUD-subsidized facilities, including some owned by the Cordova, Tennessee-based Global Ministries Foundation (GMF).

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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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June Market Report

Memphis-area home sales for June increased 4.2 percent from a year ago, with 1,887 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 6.1 percent from May when there were 1,779 total sales. Average sales price from June-to-June was up 1.6 percent, at $186,626. Inventory increased 1.7 percent, with 4,777 units listed for sale. Year-to-Date sales volume was up 13.3 percent at $1.53 billion.