Memphis Towers

1081 Court Ave, Memphis, Tennessee 38109

Memphis Towers, located at 1081 Court Ave in Memphis, has one bedroom apartments. Memphis Towers participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

Contact Memphis Towers

Message Memphis Towers

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
  • Project-Based Rental Assistance
  • Senior (62+)

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

About Memphis Towers

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!

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. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

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% $13,850 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500
80% $36,900 $42,200 $47,450 $52,700 $56,950 $61,150 $65,350 $69,600

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%) $23,100 $26,400 $29,700 $32,950 $35,600 $38,250 $40,900 $43,500
Low Income (60%) $27,720 $31,680 $35,640 $39,540 $42,720 $45,900 $49,080 $52,200

These general income qualifications for Memphis, Tennessee should only be used as a basic guide. To find out if you qualify, contact the community directly.

Memphis Towers was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program and receives rental subsidies through HUD-Assisted Housing. These programs have different income limits that can lead to apartments in the same property having different income requirements.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. However, you can earn at most 60% of AMI to be eligible for a LIHTC property and many units may be set aside for those with the lowest incomes (down to 15% of AMI). LIHTC properties may also contain some market rate units.

Since Memphis Towers has both programs, the most restrictive of the income limits will apply for each unit. If the entire property is funded by LIHTC, the LIHTC income limit of 60% AMI would be used for all units. Apartments in properties with some units not funded by the LIHTC, but receiving Section 8 assistance, would be open to households making up to 80% AMI. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Memphis Towers is managed by Millennia Housing Management.

Image of Memphis Towers
Image of Memphis Towers
Image of Memphis Towers

Nearby Low Income Apartment Communities

Uptown Square Apartments

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

Robinhood Park Apartments

3717 Robin Park Circle
Memphis, TN
Income Based
1-4 BR
Subsidized

Madison Towers

383 Madison Ave
Memphis, TN
Income Based
Studio-1 BR
62+
Subsidized