There are 11 article(s) tagged affordable housing:
A coalition of a dozen nonprofit and community organizations are calling for the city and county property tax rates to stay at their current rates to create more funding for public education, public transportation, affordable housing and similar priorities.
Nearly $60 million in development projects are at various stages of completion in Frayser addressing neighborhood issues such as early childhood education, recreational activities and affordable housing.
On a cloudy Thursday afternoon, the organizations behind the Renaissance at Steele renovations in Frayser celebrated the $17 million project’s completion.
The Binghampton Community Land Trust, the first of its kind in Memphis, was created after concerns about rising housing prices spurred by new development in Binghampton.
It’s spacious, it’s modern and everybody can take advantage of river views. But most of its newly renovated workstations and offices are empty because of COVID-19.
Memphis is ahead of the curve in reversing the results of old rules and regulations that encouraged segregation and created pockets of poverty. So changes in the federal fair housing policy have had little impact.
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.
Memphis native Damon Williams, who succeeds longtime director Steve Lockwood, has worked in nonprofit housing for the past 15 years.
ALCO Management has invested more than $50 million in its Frayser properties dating back to the 1970s.
ALCO Management Inc., Memphis-based provider of government-subsidized rental housing in nine states, is expanding and updating Downtown offices and preparing for the July 2020 retirement of founder Frank Jemison.
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