Yearly Archives: 2015

Congressman Steve Cohen (TN-09) commended Memphis’ selection as a participant in President Obama’s new ConnectHome initiative, which is aimed at accelerating broadband internet adoption by families and children through partnerships with local governments, private industry, non-profits, and other entities focused on tailoring internet access solutions to our community. Nationwide, both low-income and African-American households are significantly less likely to have internet access at home than other households.

Congressman Steve Cohen (TN-09) announced today that the U.S. Department of Housing and Urban Development (HUD) has selected the city as one of nine finalists for a HUD Choice Neighborhood Implementation Grant. The city will now compete for an individual federal grant worth up to $30 million, with winners expected to be announced in September. Today’s announcement follows years of effort by Congressman Cohen, working with Mayor Wharton and others in the city, to encourage the Obama administration to designate Memphis as a Choice Neighborhood

Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with UBS officials announced today the company will expand its current operations in Middle Tennessee by opening a new office in Williamson County at One Franklin Park. UBS will invest $11.2 million to outfit the space, which will accommodate the growth of the UBS Business Solution Center, as well as, a satellite branch office for Wealth Management Americas financial advisors, creating over 350 new jobs over the next several years.

The Preiss Company has been selected by Stonemont Financial Group to manage The Station at Martin, a 384-bed student housing community serving The University of Tennessee at Martin. This marks the 15th new property management assignment for The Preiss Company in the past nine months, including the second community in the state of Tennessee.

In the eleventh in the series of videos introducing the Republican members of the Senate Energy and Natural Resources Committee, U.S. Sen. Lamar Alexander, R-Tenn., today shares his vision for America’s energy future that unleashes nuclear power, wisely invests in energy research, and protects America’s national treasures

With single-family housing starts and pending sales of existing homes approaching a 10-year high, Governor Bill Haslam has declared June to be Homeownership Month in Tennessee. "Homeownership strengthens families, encourages residents to take an active role in their neighborhoods and communities, and serves as one of the most important drivers of economic growth in our state," said THDA Executive Director Ralph M. Perrey.

With mortgage interest rates rising fast, Tennessee homebuyers may be in for a pleasant surprise. THDA’s Great Choice mortgage program is very competitively priced. “Encouraging homeownership is tremendously important to the state economically, but the benefits on the individual family level are even more important,” said THDA Executive Director Ralph M. Perrey. “When families own their own homes, they have opportunities to build equity and create wealth for their long-term financial security.

“Tennessee is full of history, and the presidency of James K. Polk is one of our state’s great contributions to our nation’s history. … The special resource study that this legislation would requireis the next step toward preserving President Polk’s home and belongings, and I am glad to have the support of the National Park Service.” – Lamar Alexander

With a severe shortage of affordable rental housing in Tennessee, THDA is issuing a new study on the state’s largest, most effective solution. The report takes an in-depth look at the 28-year history of the Low Income Housing Tax Credit (LIHTC) in Tennessee, as well as areas of greatest opportunity in the near future.

Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Maplehurst Bakeries, LLC, a division of Weston Foods, officials announced the company will invest $102.8 million to build and equip a new 173,000 square foot manufacturing facility in Lebanon.