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Alexander Gets National Park Service Commitment to Support Legislation to Study Polk Home

“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

THDA Reports on Past & Future of Tennessee’s LIHTC

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 Named Recipient of Area Development’s 2015 Gold Shovel Award

Tennessee has once again ranked among the best states in economic development by Area Development, a leading publication focused on site selection and facility planning.

First Tennessee Bank N.A. Agrees to Pay $212.5 Million to Resolve False Claims Act...

First Tennessee Bank N.A. has agreed to pay the United States $212.5 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced today. First Tennessee is headquartered in Memphis, Tennessee

TNECD Launches Select Tennessee Property Evaluation Program

The goal of this new tool is to improve the inventory of industrial sites and buildings in Tennessee by evaluating potential properties and advising counties on where investment may be most beneficial and what steps may be needed to address issues.

City of Knoxville Celebrates National Public Works Week

The efforts of the City's public works experts touch nearly every aspect of life within Knoxville, through the wide range of services offered by the Public Service, Fleet Services, Parks and Recreation, Engineering and Building Inspections departments.

USDA to Give Priority Funding for Regional Economic Development Projects

The new Regional Development Priority (RDP) policy will make it easier for rural communities to access resources to invest in long-term community development efforts by giving priority to applications for Rural Development programs that include regional partnerships and strategies.

Alexander: Energy & Water Appropriations Bill Supports Energy Research, Waterways and National Security

U.S. Senator Lamar Alexander (R-Tenn.), chairman of the Appropriations Subcommittee on Energy & Water Development, said approval of appropriations legislation today by the subcommittee shows that there is bipartisan support for “energy research, waterways and national security.” The legislation is one of the first two appropriations bills ready to be considered by the Senate Appropriations Committee this year

Alexander: TVA Trends in Right Direction on Debt, Overhead and Cost of Power

The goal is not more windmills. The law says that the goal is low-cost electricity. TVA is building emission-free nuclear plants and low-emission gas plants. It is putting pollution control equipment on its coal plants. Our air is demonstrably cleaner. What is the excuse for joining states that are raising their electric rates by using more unreliable, renewable power? If we want more good jobs and higher family incomes, TVA should stick to its mission of low rates and not be tempted to pursue the energy fad of the moment.”

LIHTC program plays role in renovations of Bristol’s Mountain View Apartments

Elected officials and community leaders joined representatives from government agencies and LHP last week to dedicate a multi-million dollar renovation of Mountain View Apartments in Bristol, Tenn.

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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

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