Windows to Homeownership Newsletter- March

March 2020

Single Family Programs Newsletter

THDA ADVISORY BOARDS VALUABLE PARTNERS

THDA would like to thank those who serve on our two mortgage industry specific advisory boards. The members of these boards help to strengthen THDA's partnerships; and assist and advise us in better utilization of existing programs, as well as in creation and implementation of new initiatives.

Below are members of the Housing Industry Advisory Board who completed their term at the end of 2019. This advisory board is comprised of Lenders, Realtors, builders, and manufactured home representatives. Their time and efforts have been valuable to THDA's mission in Tennessee.

Juan Brooks

ERA Legacy Realty

Memphis

Gwen Lilley

Century 21 Legacy

Greeneville

Valencia Phillips

Coldwell, Banker Snow & Wall

Murfreesboro

Mark Griffith

Mortgage Investors Group

Oak Ridge

Marty Hebert

Clayton Homes

Dickson

Jody Derrick

HND Homes

Nashville

Tammy Barr

Supreme Lending

Brownsville

Taylor Gobble

First Citizens Bank

Cleveland

Sarah Richards

Spring Mountain Realty

Bean Station

Barbara Wilson

Unique Properties

Ripley

Below are members of the Housing Education Advisory Board who completed their term at the end of 2019. This advisory board is comprised of housing education professionals. Their time and efforts have been valuable to THDA's mission in Tennessee.

Amy Schaftlein

United Housing

Memphis

Sabrina Seamon

Clinch Powell

Rutledge

Barbara Berry

UT Extension - Gibson Co

Trenton

Deborah Harding

You Can Make It Homeownership

Smyrna

Steve Herrington

Habitat for Humanity of Memphis

Memphis

NEW TERMS - 2020 THDA ADVISORY BOARDS

THDA welcomes our returning members as well as new members of both advisory boards for 2020. Each advisory board will meet 4 times during the year with THDA staff to discuss relative topics, THDA's lending initiatives, and upcoming program changes. A complete listing of the advisory boards is available on the THDA website. You may click here to see the current Housing Industry Advisory Board and click here to see the Housing Education Advisory Board.

Underwriting Turn Time

Due to a high volume, you may experience a higher than 24 hour turn time. THDA has recently seen a 36-48 hour turn time for reviewing complete file submissions. To expedite your file, please be sure your complete files are submitted into THELMA with the correct information, and uploaded in the order on the Underwriting Checklist.

Electronic Notes

A copy of the executed Note for the first and second mortgage (if applicable) should be emailed to closing@thda.org or uploaded to the mortgage loan portal within 72 hours of loan closing. Please see page 37 of the Originating Agents Guide.

ATTENTION LOAN ORIGINATION STAFF

MONTHLY LENDER Q & A

WITH CAROLINE & SARAH

An informal conversation with THDA Single Family Managers where questions are answered and dialogue is encouraged!

Mark your Calendars!!

THDA’s next Monthly Lender Q&A with our Underwriting and Closing Managers is set for Tuesday, March 17, 2020 from 1:00 to 1:30 p.m. Central Time . This will be a Webex, with the log in information listed below.

JOIN WEBEX MEETING

https://thdatraining.webex.com/thdatraining/j.php?MTID=m04d0cde167c0a5bea35e942415f03112

Meeting number (access code): 929 277 189

Meeting password: UkKch6ka

JOIN BY PHONE 1-650-479-3208

Please send questions you would like addressed on the call to SFAsk@thda.org .

REALTOR CORNER

UPCOMING REALTOR® TRAININGS

Learn everything you need to know to write a THDA contract. Sign-up through your area Association for one of the following scheduled four-hour CE classes on the Great Choice Home Loan program.

THDA Great Choice Mortgage Program

Course # 7571 – 4HR. TREC CE Credit*

Mar 13 9am - 1pm at Greater Nashville REALTORS®

Mar 18 12 - 4pm at River Counties Association of REALTORS®

April 3 12 - 4pm at Memphis Area Association of REALTORS®

April 15 12 - 4pm at Central West Tennessee Association of REALTORS®

April 28 1pm - 5pm at Northeast Tennessee Association of REALTORS®

May 14 9am - 1pm at Lakeway Area Association of REALTORS®

May 20 9am - 1pm at Middle Tennessee Association of REALTORS®

May 21 12 - 4pm at Clarksville Association of REALTORS®

June 15 12 - 4pm at Memphis Area Association of REALTORS®

June 25 12 - 4pm at Upper Cumberland Association of REALTORS®

July 1 9am - 1pm at Greater Nashville REALTORS®

Aug 13 12pm - 4pm at Bristol TN/VA REALTORS®

August 19 9am - 1pm at Central West Tennessee Association of REALTORS®

August 21 12 - 4pm at Clarksville Association of REALTORS®

Sep 1 at Knoxville Area Association REALTORS®

Sept 18 9am - 1pm at Memphis Area Association of REALTORS®

Oct 9 at Great Smoky Mountains Association of REALTORS®

Nov 9 12:30pm - 4:30pm at Memphis Area Association of REALTORS®

Nov 10 9am - 1pm at Lakeway Area Association of REALTORS® *Date changed*

Dec 16 9am - 1pm at Greater Nashville Association of REALTORS®

REGISTRATION: Through Association’s regular CE class registration process.

*This schedule will increase as Associations add classes.

Questions may be addressed to:

Debbie Reeves at dreeves@thda.org

Josh McKinney at jmckinney@thda.org

Now Open for Public Feedback:

2020-2024 State of Tennessee Consolidated Plan

The State of Tennessee Consolidated Plan describes the state’s housing and comm-unity development activities for low- and moderate-income households, as well as multi-year goals, based on an assessment of housing and community development needs, examination of housing and economic market conditions, and analysis of available resources. The Consolidated Plan covers the period of July 1, 2020 through June 30, 2025. This document also serves as the first-year Action Plan, outlining the one-year goals and strategies for projects to receive funding in 2020. This report covers CDBG, HOME, HTF, ESG, and HOPWA, as well as other low income housing initiatives across the State.

Public Hearings are scheduled across the state between March 26–April 9. Each will begin with a brief presentation and then open for public comments. To view a list of the public hearings, review the executive summary and draft, view available translations, or leave a comment through April 20 by visiting the THDA website here.