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VOL. 114 | NO. 15 | Tuesday, January 25, 2000

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The Memphis Area Association of Realtors has awarded its most prestigious honors for 1999 The Memphis Area Association of Realtors has awarded its most prestigious honors for 1999. L.A. Westley of Westley and Associates Inc. was named Realtor of the Year, Barbara DuFour of Marx & Bendorf Real Estate and Investment Co. was named Realtor-Associate of the Year and Kathy Poe of GE Capital Mortgage Insurance was named Affiliate of the Year. Wilson Graphics LLC, a Kemmons Wilson Co., announced the acquisition of Pinnacle Press Inc. The new company, a merger of Wilson Graphics and Pinnacle, will have expanded business capabilities, and will operate under the business name Pinnacle. Former Pinnacle Press business partners Ed Garavelli and Jeff McClain will join the new company in management roles. Sales, administrative and most production functions will be consolidated at the Pinnacle Press headquarters at 2790 Whitten Road. Fulfillment operations will be housed at the former Wilson Graphics office on Barron Avenue. Lower cost rental housing will be available to 1,312 more Tennessee households with the allocation of $6.8 million in Low Income Housing Tax Credits. Four projects in Memphis are among the 19 developments to receive the credits. LeMoyne Gardens Senior Village, Pontotoc Place, Parkway Crossing and the Pecan Grove Senior development had carryovers for the year totaling $1.6 million. Combined, these tax credits affect 340 units in the four developments. A total of $4.6 million in grants has been awarded by the Department of Housing and Urban Development to assist about 50,000 low-income adults living in HUD-subsidized housing get jobs and become more self-sufficient. The grants will provide funds to 134 public housing agencies in 39 states and Puerto Rico to hire one self-sufficiency coordinator. The coordinators will help adults receiving HUD rental assistance vouchers find and participate in education, job training, child care, counseling, transportation and job placement programs. Participants in the program sign a contract stating the head of household will get a job and the family will become self-sufficient within five years. As income increases, about one-third of the increase goes to an interest bearing account which, when the contract is fulfilled, can be used for the down payment on a house, to start a business, or pay off debts or educational expenses.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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