Memphis Towers
1081 Court Ave, Memphis, Tennessee 38109
Welcome to Memphis Towers, an eight story mid-rise apartment community for those 62 and better, handicapped, or disabled. Enjoy the comfort of quiet, community living here at Memphis Towers!
Our spacious 1 bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind. In addition to our great floor plans and maintenance free living, our community has the amenities you want and deserve. For your pleasure, our community features a relaxing garden area and on-site laundry.
For your benefit, our community's service coordinator is readily available to assist you with your needs such as helping set up home-maker services, getting a city bus pass, or just about anything else! Memphis Towers is ideally situated to give you easy access to the best of what the area has to offer. We are located a short distance from VA Medical Center, the Medical District of Memphis, and downtown.
Call us today to make an appointment to see for yourself why Memphis Towers should be your new home. We look forward to hearing from you!
Units
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 475 | Income Based |
Memphis Towers Details
- 296 one bedroom units.
- Water and Sewer utilities included in rent
- Electricity utility included in rent
- Heat utility included in rent
- Section 8 Project-Based Rental Assistance
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Controlled Access
- Community Room
- On-Site Parking
- Emergency Pull Cord
- Resident Service Coordinator
- Grilling Area
- Landscaping
- Courtyard
- Monthly Planned Activities
- On-Site Laundry
Unit Amenities
- Air Conditioning
- Utilities Included
- Refrigerator
- Stove
- Electric Range
Nearby Amenities
- Close to Shopping
- Near Restaurants
- Close to Entertainment
Section 8 Project-Based Rental Assistance
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.
Memphis HUD Rental Assistance Income Qualifications
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 Memphis Towers.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $16,150 | $18,450 | $23,030 | $27,750 | $32,470 | $37,190 | $41,910 | $46,630 |
| 50% | $26,900 | $30,750 | $34,600 | $38,400 | $41,500 | $44,550 | $47,650 | $50,700 |
| 80% | $43,050 | $49,200 | $55,350 | $61,450 | $66,400 | $71,300 | $76,200 | $81,150 |
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 Memphis Towers.
| 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 |
Memphis Towers is managed by Millennia Housing Management.
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