Wesley Graceland Gardens is managed by Wesley Living.
Wesley Graceland Gardens offers beautiful garden-style 1-and 2-bedroom apartments in a gated secure South Memphis setting. There are 191 apartments for qualifying applicants 62 or older; 24 apartments for those 55 or older.
There is an on-site Care Manager to assist residents in locating available city, county, and state services to meet their needs. Other community amenities include a community room, on-site laundry, and a computer center.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | 535 | Call for Price |
Two Bedroom (2/1) | 687 | Call for Price |
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 Wesley Graceland Gardens.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $17,050 | $19,720 | $24,860 | $30,000 |
50% | $28,350 | $32,400 | $36,450 | $40,500 |
80% | $45,400 | $51,850 | $58,350 | $64,800 |
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 Wesley Graceland Gardens.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
Very Low Income (50%) | $28,350 | $32,400 | $36,450 | $40,500 |
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.
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.