John Madison Exum Towers

3155 Sharpe Ave., Memphis, TN 38111

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Lorena Bentley
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 Bath -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Project-Based Rental Assistance
check_circle  Family and Senior
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

John Madison Exum Towers offers an incredible mix of style and affordability. John Madison Exum Towers has traditional architecture that is complemented by spacious modern interiors. This community offers 1-, 2-, and 3-bedroom units.

Dave's Thoughts On John Madison Exum Towers

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests John Madison Exum Towers does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Units at John Madison Exum Towers

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

Income Qualification for John Madison Exum Towers

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people
30% AMI for PBRA Units $17,050 / year $19,720 / year $24,860 / year $30,000 / year $35,140 / year $40,280 / year
50% AMI for LIHTC Units $28,350 / year $32,400 / year $36,450 / year $40,500 / year $43,750 / year $47,000 / year
50% AMI for PBRA Units $28,350 / year $32,400 / year $36,450 / year $40,500 / year $43,750 / year $47,000 / year
60% AMI for LIHTC Units $34,020 / year $38,880 / year $43,740 / year $48,600 / year $52,500 / year $56,400 / year
80% AMI for PBRA Units $45,400 / year $51,850 / year $58,350 / year $64,800 / year $70,000 / year $75,200 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for John Madison Exum Towers

Does John Madison Exum Towers have a waiting list?

John Madison Exum Towers probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at John Madison Exum Towers?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges John Madison Exum Towers?

John Madison Exum Towers is managed by Tesco Properties headquartered in Germantown, Tennessee.

In addition to John Madison Exum Towers, how many other affordable housing properties (and units) are there in Memphis?

In addition to John Madison Exum Towers, we list 384 other affordable properties in Memphis. Learn about these properties here. Our data research shows that there are a total of 21450 affordable units in Memphis.

When was the John Madison Exum Towers listing last updated?

John Madison Exum Towers listing on Affordable Housing Online was last updated on 10/16/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

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Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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