TDEC Issues Temporary Water Contact Advisory in Memphis
The Tennessee Department of Environment and Conservation (TDEC) has issued a temporary Water Contact Advisory for McKellar Lake and the lower portion of Cypress Creek in Memphis following new E. coli results from a broken sewer line.
THDA Seeks Public Comment on Application for Four Federal Housing Programs
The Tennessee Housing Development Agency (THDA) is seeking public comment on the State of Tennessee’s Annual Action Plan, which serves as the State’s application for four federal housing programs
Household Hazardous Waste Mobile Collection Service in Bedford and Montgomery Counties on March 19
The Tennessee Department of Environment and Conservation’s mobile household hazardous waste collection service will be in Bedford and Montgomery Counties on March 19. Since the program’s inception in 1993, more than 322,000 households have properly disposed of more than 21 million pounds of material.
February Market Report
Memphis-area home sales for February increased 7.8 percent from a year ago, with 1,040 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 8.8 percent from January, when there were 956 total sales. Average sales price from February-to-February was down 8.5 percent, at $139,335. Inventory increased 1.8 percent, with 5,474 units listed for sale. YTD sales volume decreased by 6.5 percent from February 2015, at $279.5 million.
CORKER SAYS CONCERNS ABOUT FANNIE, FREDDIE CAPITAL NOT A REASON TO RETURN TO FAILED...
In response to a speech today by Federal Housing Finance Agency Director Mel Watt, U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking Committee, said concerns about capital at government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are not reason to return to the failed housing finance model that existed before the GSEs went under government conservatorship
Alexander Says Supreme Court Right to Block Obama Clean Power Plan
U.S. Sen. Lamar Alexander (R-Tenn.) today released the following statement after the U.S. Supreme Court blocked the Obama Administration’s Clean Power Plan until legal challenges to the law are resolved.
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.