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.

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.

THDA Studies Aftermath of Mortgage Crisis in Tennessee

A sharp decline in the share of home purchase loans going to African-American borrowers has been among the most significant and lasting effects of mortgage market crisis in Tennessee, according to a new study from THDA

November Market Report

Memphis-area home sales for November increased 4.9 percent from a year ago, with 1,086 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 18.7 percent from October, when there were 1,336 total sales. Average sales price from November-to-November was up 5.9 percent, at $157,736. Inventory decreased 3.3 percent, with 6,086 units listed for sale. Monthly sales volume YTD increased 7.7 percent to $2.38 billion.

EPA and the City of Memphis and Shelby County Partner to Address Lead in...

“We are grateful that the EPA has recognized a need in our city and is taking steps to address it by piloting this program in Memphis,” said Mayor A C Wharton, Jr. “Appropriate training for those who will be renovating, repairing and painting homes with lead-based paint is critical to making these homes safe for some of our most vulnerable citizens. This project represents a growth opportunity for local companies and an opportunity to enhance the safety and livability of these aging homes.”

Alexander to Senate Democrats: Don’t Block Bipartisan Energy & Water Funding that Would Grow...

The U.S. Senate will take a first step this week toward considering a bipartisan energy and water appropriations bill, and U.S. Sen. Lamar Alexander is urging Senate Democrats to allow the bill to be considered by the full Senate.

Congressman Cohen: Memphis Wins $30 Million Choice Neighborhood Grant from HUD

Congressman Steve Cohen (TN-09) was joined by Mayor A C Wharton, Housing and Urban Development Director Ed Jennings, and Rosalyn Willis from McCormack Baron Salazar in announcing that Memphis will receive $30 million in federal funding to redevelop Foote Homes and revitalize Memphis after winning President Obama’s Choice Neighborhood competition. Earlier this year, the City of Memphis was selected by the U.S. Department of Housing and Urban Development (HUD) as one of nine finalists for this grant after a multi-year effort by Congressman Cohen, Mayor Wharton and others in the city, to encourage the Obama administration to designate Memphis as a Choice Neighborhood.

THDA launches online homebuyer education class

 Starting Saturday, Aug. 1, THDA is expanding its highly effective homebuyer education program to include online classes. Open to anyone in Tennessee, the online class covers the ins and outs of buying a home, from insurance to financing to repairs. Registration is $99



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