Memphis Towers

1081 Court Ave, Memphis, Tennessee 38109

Contact Memphis Towers

Welcome to Memphis Towers, an eight story mid-rise apartment community for those 62 and better, handicapped, or disabled. Enjoy the comfort of quiet, community living here at Memphis Towers!

The spacious 1 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to the great floor plans and maintenance free living, this community has the amenities you want and deserve. For your pleasure, this community features a relaxing garden area and on-site laundry.

For your benefit, the community's service coordinator is readily available to assist you with your needs such as helping set up home-maker services, getting a city bus pass, or just about anything else! Memphis Towers is ideally situated to give you easy access to the best of what the area has to offer. This community is located a short distance from VA Medical Center, the Medical District of Memphis, and downtown.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	475	Income Based

Eligibility for Memphis Towers

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 Memphis Towers.

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 Memphis Towers.

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
Low Income (60%)	$34,020	$38,880	$43,740	$48,600	$52,500	$56,400	$60,300	$64,200

Memphis Towers Details

296 one bedroom units.
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 221 (d) (3)

Property Amenities

Controlled Access
Community Room
On-Site Parking
Emergency Pull Cord
Resident Service Coordinator
Grilling Area
Landscaping
Courtyard
Monthly Planned Activities
On-Site Laundry

Unit Amenities

Air Conditioning
Utilities Included
Refrigerator
Stove
Electric Range

Nearby Amenities

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.