Rolling Hills Apartments

2818 Green Terrace Drive, Memphis, Tennessee 38127

Contact Rolling Hills Apartments

Rolling Hills is conveniently located off I-40, taking the Frayser exit to an exciting experience at 2818 Green Terrace Dr., Memphis, TN. At Rolling Hills, they offer 1, 2, or 3 bedroom apartment homes. Each apartment home consists of spacious closet space, mini blinds, appliances, central air and heat. For your convenience, a Laundry Room and a playground are provided. They are just ten minutes from downtown Memphis and on the main MATA Bus Commute Line. In the immediate area you will find grocery stores, pharmacies, Optional schools and daycare centers.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	551	Income Based
Two Bedroom (2/1)	774	Income Based
Three Bedroom (3/1)	971	Income Based

Eligibility for Rolling Hills Apartments

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 Rolling Hills Apartments.

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

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 Rolling Hills Apartments.

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

Rolling Hills Apartments Details

138 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Rental Assistance (PBRA)
Section 223
Section 221 (d) (3)
Section 236

Property Amenities

Playground
On-Site Manager
On-Site Maintenance
Laundry Facilities
Courtesy Patrol

Unit Amenities

Air Conditioning
Refrigerator
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	7:30am-4:30pm
Tuesday	7:30am-4:30pm
Wednesday	7:30am-4:30pm
Thursday	7:30am-4:30pm
Friday	7:30am-4:30pm

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.

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.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.