Yearly Archives: 2016

Congressman Cohen Welcomes HUD’s Decision to Relocate Residents of Tulane and Warren Apartments to...

Congressman Steve Cohen (TN-09) today welcomed the Department of Housing and Urban Development’s (HUD) decision to abate the Housing Assistance Payment (HAP) contract of Warren Apartments, Tulane I Apartments, and Tulane II Apartments due to owner’s default. Warren and Tulane apartments are owned by the Global Ministries Foundation (GMF). Pursuant to the HAP Contracts and HUD regulations, GMF is required to maintain the units in a decent, safe, and sanitary manner but has failed to do so.

Roe Introduces Bill to Bring Fairness to Public Housing

Rep. Phil Roe, M.D. (R-TN) introduced the Fairness in Public Housing Act. This bill would require tenants in public housing who have earned more than 125% of Median Area Income for more than one year to move out so that other needy families can move in

Fisher Brings Servicing Success to Tennessee Housing

Tennessee Housing Development Agency has hired Stephen A. Fisher to open its new servicing division. Fisher created the Loan Servicing Department at West Virginia Development Fund in 1989, bringing servicing in-house from 40 lenders.

Congressman Cohen Announces $60 Million Flooding Disaster Recovery and Prevention Grant for Shelby County

Congressman Steve Cohen (TN-09) today announced the U.S. Department of Housing and Urban Development (HUD) has awarded Shelby County a $60 million grant for the Mid-South Regional Greenprint and Sustainability Plan to help address unmet recovery needs in Memphis and Shelby County from the 2011 floods and protect Memphians from future flooding disasters.

Governor appoints Memphis-area homebuilder to THDA Board

Governor Bill Haslam has named Memphis-area homebuilder Kim Grant Brown to serve on the Tennessee Housing Development Agency Board of Directors. Brown, a daughter and granddaughter of homebuilders, built her first home the summer between her junior and senior years of college.

Jim Sattler appointed to THDA Board of Directors

Governor Bill Haslam has named Chattanooga’s James (Jim) Sattler to serve on the Tennessee Housing Development Agency Board of Directors. Sattler has a long term of service on the Chattanooga Housing Authority, the last four years as vice chairman of the Board of Commissioners. He is a developer with Chestnut Development Partners.

December Market Report

Memphis-area home sales for December decreased 0.9 percent from a year ago, with 1,367 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 25.9 percent from November, when there were 1,086 total sales. Average sales price from December-to-December was up 9.0 percent, at $156,102. Inventory decreased 4.8 percent, with 5,793 units listed for sale. Monthly sales volume YTD increased 7.9 percent to $2.60 billion for the whole of 2015

Congressman Cohen Requests Federal Inquiry into Conditions at Peppertree Apartments

Congressman Steve Cohen (TN-09) today sent a letter to Secretary of Housing and Urban Development (HUD) Julian Castro regarding the safety and living conditions at the Peppertree Apartments in Memphis.

MAAR Members Honored

The Memphis Area Association of REALTORS® announced the recipients of its 2015 awards, including REALTOR® of the Year. Glenn Moore, of Glenn Moore Realty, was named 2015 REALTOR® of the Year. Laura Flaniken of Coldwell Banker Collins-Maury was named 2015 REALTOR-ASSOCIATE® of the Year. The 2015 Affiliate of the Year honor went to Kelly Jones of Movement Mortgage. Pat Beech of Arlena Enos REALTORS® received the 2015 Outstanding Leadership Award. Ron Poe of The Poe Firm received the 2015 Shorty Watkins Award



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.


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


June Market Report