Todd Creek Apartments

1541 Northside Drive, Memphis, Tennessee 38127

Contact Todd Creek Apartments

Todd Creek is an apartment community, located in Memphis, TN and is managed by ALCO Management, Inc. Todd Creek Apartments offers 1 to 4 bedroom apartments ranging in size from 573 to 962 sq.ft. For more information, please contact their management office.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	573	Income Based
Two Bedroom (2/1)	618	Income Based
Three Bedroom (3/1)	945	Income Based
Four Bedroom (4/1)	962	Income Based

Eligibility for Todd Creek 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 Todd Creek Apartments.

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 Todd Creek Apartments.

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

Todd Creek Apartments Details

18 one, two, three and four bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 223
Section 221 (d) (3)

Property Amenities

Playground
Laundry Facilities
Courtesy Patrol

Unit Amenities

Air Conditioning
Washer and Dryer Hookup
Cable Ready
Window Coverings
Refrigerator
Energy Efficient Appliances

Office Hours

Day	Hours
Monday	8:30am-4:30pm
Tuesday	8:30am-4:30pm
Wednesday	8:30am-4:30pm
Thursday	8:30am-4:30pm
Friday	8:30am-4:30pm

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.