City’s housing mix could take hard hit in pandemic
The city’s mix of housing has flipped in recent years, with renters now making up the majority as investors continue to buy single-family homes.
There are 169 article(s) tagged Paul Young:
The city’s mix of housing has flipped in recent years, with renters now making up the majority as investors continue to buy single-family homes.
The city has also signed a letter of intent with Capstone Development for two hotels on the Central Avenue frontage. The founder of Capstone sees a different kind of recovery from the pandemic for the hospitality industry — one led by the families that travel regionally to the sports tournaments that are the financial engine for Liberty Park's public and private uses.
The director of the city's division of Housing and Community Development said on "Behind The Headlines" that Wi-Fi access for students living in public housing is a challenge that has become more acute with classes suspended in the COVID-19 pandemic.
M&M Enterprises will develop a smaller part of the 18 acres along Central Avenue that is to be developed commercially. And the city is now the project manager for that part of the Fairgrounds redevelopment.
There are now Memphis Heritage Trail markers on display in Orange Mound showcasing the community's history.
The grants to eight nonprofits announced at City Hall Monday cover areas outside Downtown and Midtown where the housing stock is old and could use some help to encourage private development. The fund works with the city's recently approved Memphis 3.0 land use and development guidelines.
The City of Memphis has $5.6 million, most of it in federal funding, to test for and remove lead paint from up to 350 single-family homes and multi-family housing units in the city and county built before 1978.
Shelby County Assessor Melvin Burgess said that the task force would go on a tour of the area.
The city plans to break ground on the development in January 2020, with the sports complex and hotel opening in June 2021 and initial retail opening in November 2021.
The eight-acre site in Binghampton was one of the first blight emergencies faced by the administration of Mayor Jim Strickland, sitting vacant for three years. Once the brick single-story units are demolished, Elmington Capital of Nashville will build new, affordable housing.
Three council members took a look around the new Foote Park at South City Tuesday with plenty of questions and discussion around the larger issue of how to keep the city's development boom from displacing Memphians.
Paul Young, director of the city's Division of Housing and Community Development, and John Paul Shaffer, executive director of BLDG Memphis, discuss a new local trust fund that will help support the creation and preservation of affordable housing.
The owner of 115 Union and The Pocket bar will develop city land south of Clayborn Temple. Elmington Capital of Nashville will develop the Tillman Cove apartment complex land in Binghampton.
M&M Enterprises of Memphis will lead private redevelopment of the Fairgrounds, the city announced Tuesday.
City Housing and Community Development director Paul Young says the $1 billion Union Row project is a direct result of the city's efforts to leverage federal and city funding in the South City area, stretching from the south area of Downtown into South Memphis.
The federal Housing and Urban Development wants Memphis to pay back millions spent in one of the biggest take-backs ever proposed by HUD.