Corker Votes Against Bill On Homeowner Flood Insurance

Thursday, January 30, 2014

Senator Bob Corker,  a member of the Senate Banking, Housing and Urban Affairs Committee, released the following statement today after voting against S. 1926, the Homeowner Flood Insurance Affordability Act, which he said "delays for over four years much-needed reforms to the National Flood Insurance Program, a program that is already $24 billion in debt."

 

Senator Corker said, “Just a few months after the new flood insurance rates started to go into effect, rates that actually reflect a more reasonable estimate of the true cost of this federal program, the Senate caved to narrow parochial interests.

  If we really wanted to address the legitimate affordability concerns of some, we would have passed the Toomey Amendment, which phases in risk-based rates more slowly while providing FEMA and legislators the opportunity to consider and adopt an adequate means-testing program. We will never solve our nation’s toughest challenges if we can’t even live for a few months within the terms of the small reform measures we actually do put into law.”


THDA Now Accepting Blight Elimination Applications

The Blight Elimination Program from the Tennessee Housing Development Agency is officially active.    THDA can now begin accepting loan applications and funding demolition and greening activities to stabilize local housing markets.    "We're thrilled to be able to put these Treasury dollars to use in neighborhoods where one or two abandoned houses are ... (click for more)

Chattanooga's Compass Auctions & Real Estate To Sell Tracts Around Atlanta's Turner Field

Chattanooga-based Compass Auctions & Real Estate, LLC has been selected by the Federal Deposit Insurance Corporation (FDIC) to list and sell a real estate portfolio in the Metro and Southern Atlanta area totaling nearly $20 Million.  The highlight of the group of properties is 40 parcels adjacent to Turner Field Stadium. The 40 parcels equal 4.67 acres and are located ... (click for more)

Home In Ooltewah Damaged By Fire Caused By Lightning Strike Sunday Afternoon

A home in Ooltewah was damaged by fire early Sunday afternoon. At  4:33 p.m. , the homeowner called 911 reporting a fire at the residence at 711 Rocky Shadows Drive (Mountain Shadows subdivision in the Ooltewah area). The Tri-Community Volunteer Fire Department responded and arrived on the scene reporting light smoke showing from the roofline. Firefighters entered ... (click for more)

Bass Pro Shops Opens July 13 In East Ridge

The grand opening of the Bass Pro Shops East Ridge Outpost kicks off Wednesday, July 13, at 6 p.m .  The event features an all-star cast of celebrities from the world of sports, entertainment and the great outdoors who will join together to help Bass Pro Shops celebrate an Evening for Conservation. The grand opening event will continue through Sunday, July 17, ... (click for more)

General Bell: Chattanooga Needs The Coolidge Medal Of Honor Heritage Center - And Response

I'm pleased and indeed compelled to let you know a bit more about the exciting and most honorable "Charles H. Coolidge Medal of Honor Heritage Center" planned for Coolidge Park.     Here's what the Heritage Center will be:  It will be a fitting capstone for Chattanooga's Coolidge Park on Northshore in downtown Chattanooga.  While this exceptional Chattanooga ... (click for more)

Roy Exum: Where Will George Go?

George Will, easily one of the most respected conservative columnists in America and a Republican commentator, was a guest on Fox News Sunday yesterday when he made a very revealing statement. He announced he has left the Republican Party “for the same reason I joined it” and that he is not only disappointed by the party’s actions but its increasingly-inept leadership as well. ... (click for more)