South Main Artspace Loft

138 Saint Paul Avenue, Memphis, Tennessee 38126

Contact South Main Artspace Loft

Although an Artspace project is often the first step in a community’s plan to create an arts district, Memphis presents a different challenge: to help achieve a new level of vibrancy for an existing arts district, located near the birth place of Blues, R&B, and Rock & Roll. In partnership with the City of Memphis and the Hyde Family Foundations, Artspace transformed a historic, three-story warehouse and adjacent parking lot into a mixed-use arts facility with 63 affordable live/work units for artists and their families, as well as a community gallery space and outdoor arts garden. The South Main Artspace Lofts is part of roughly $200 million in investments to the South Main district including renovations to the National Civil Rights Museum, the Orpheum Theatre, and the Main Street to Main Street Multi-Modal Connector Project.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/2)	-	Call for Price

Eligibility for South Main Artspace Loft

South Main Artspace Loft Details

63 studio, one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Wheel Chair Accessible

Unit Amenities

Air Conditioning

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.