Hope Heights

383 Madison Ave, Memphis, Tennessee 38103

Contact Hope Heights

Hope Heights offers spacious efficiency and one bedroom apartment homes. In addition to their great floor plans and maintenance-free living, their community has the amenities you want and deserve. For your pleasure, their community features a Computer Lab, Game Room, and Laundry Facility.

Unit (Bd/Ba)	Ft²	Rent
Efficiency (Studio/1)	425	Income Based
1 Bedroom (1/1)	-	Income Based

Eligibility for Hope Heights

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Memphis but actual income limits may differ for units at Hope Heights.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$17,050	$19,720	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$28,350	$32,400	$36,450	$40,500	$43,750	$47,000	$50,250	$53,500
80%	$45,400	$51,850	$58,350	$64,800	$70,000	$75,200	$80,400	$85,550

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Memphis but actual income limits may differ for units at Hope Heights.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$28,350	$32,400	$36,450	$40,500	$43,750	$47,000	$50,250	$53,500

Hope Heights Details

146 studio and one bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Computer Lab
Community Room
Garage
On-Site Parking
Resident Service Coordinator
Laundry Facility
Courtesy Patrol

Nearby Amenities

Close to Downtown District
Close to Public Transportation
Close to Shopping
Near Restaurants
Close to Entertainment

Office Hours

Day	Hours
Monday	8:00am-5:00pm
Tuesday	8:00am-5:00pm
Wednesday	8:00am-5:00pm
Thursday	8:00am-5:00pm
Friday	8:00am-5:00pm

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.