Aspenwood Square Apartments

3235 S Mendenhall Rd, Memphis, Tennessee 38115

Aspenwood Square Apartments Details

  • 120 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

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.

Memphis Low-Income Housing Tax Credit Income Limits

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 Aspenwood Square Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,900 $30,750 $34,600 $38,400 $41,500 $44,550 $47,650 $50,700
Low Income (60%) $32,280 $36,900 $41,520 $46,080 $49,800 $53,460 $57,180 $60,840

Nearby Low Income Apartment Communities

Independent Apartments

875 Linden Ave.
Memphis, Tennessee
Call For Rent
1-2 BR
Rent Assisted
62+
Accessible
Elderly Supportive Housing

Ridgecrest Apartments

2570 Woodcliff Drive
Memphis, Tennessee
Call For Rent
1-3 BR
Rent Assisted

Uptown Square Apartments

252 North Lauderdale Street
Memphis, Tennessee
Call For Rent
Studio-3 BR

Robinhood Park Apartments

3717 Robin Park Circle
Memphis, Tennessee
Income Based
1-4 BR
Rent Assisted