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THDA reports 36 REO properties totaling $5.29 million in single-family portfolio
Summary
THDA's Single-Family Loan Programs COO Lindsay Hall told the Board the agency currently lists 36 Real Estate Owned properties with a combined value of $5.29 million; the update was provided as part of the single-family programs business report.
Lindsay Hall, Chief Operating Officer of Single-Family Loan Programs at the Tennessee Housing Development Agency, reported to the Board that THDA's Real Estate Owned (REO) inventory stands at 36 properties with a combined value of $5.29 million. "Real Estate Owned Status of 36 properties totaling $5.29 million," Hall reported, and the agency provided details in the board packet for member review.
The report was delivered as part of the Single-Family Programs business update; Board members took the report as informational and did not take separate action on the REO inventory during this meeting. The inventory figure provides a snapshot of foreclosure- or agency-acquired property holdings the agency is managing while the Board considers broader programmatic steps such as the Starter Home and other housing initiatives.
