Source: The Business Journals: Memphis

New Memphis Institute: Blight Authority looks to short-term strategy

The first order of business for the newly formed Blight Authority of Memphis (BAM) board will likely be authorizing the group to apply for the Tennessee Housing Development Agency's (THDA) $7 million blight elimination program. "That could be a short-term strategy while we're figuring out what our more long-term focus will be," says Sheila Jordan Cunningham, an attorney with Neighborhood Preservation Inc., a nonprofit providing initial funding for BAM. The THDA program, announced in August,...

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