Renaissance At Steele

3085 Steele St., Memphis, Tennessee 38127

Contact Renaissance At Steele

The Renaissance at Steele is an affordable apartment community offering 1-, 2-, and 3-bedroom units. This community is located a short drive from downtown Memphis and has on-site parking.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	555	From $500
Two Bedroom (2/1.5)	788	From $600
Three Bedroom (3/2)	975	From $690

Eligibility for Renaissance At Steele

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 Renaissance At Steele.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
50%	$28,350	$32,400	$36,450	$40,500	$43,750	$47,000

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 Renaissance At Steele.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$28,350	$32,400	$36,450	$40,500	$43,750	$47,000
Low Income (60%)	$34,020	$38,880	$43,740	$48,600	$52,500	$56,400

Renaissance At Steele Details

146 one, two and three bedroom units.
Section 8 New Construction
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

On-Site Parking
On-Site Social Services

Unit Amenities

Refrigerator
Stove
Washer and Dryer Included

Office Hours

Day	Hours
Monday	9:00am-4:00pm
Tuesday	9:00am-4:00pm
Wednesday	9:00am-4:00pm
Thursday	9:00am-4:00pm
Friday	9:00am-4:00pm

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.

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.