Patterson Flats

250 GE Patterson, Memphis, TN 38106

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2023 by Connor Bailey, Lorena Bentley
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 Bath -

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Patterson Flats is a brand new affordable community in the heart of Memphis. With it's close proximity to dining, shops, and entertainment, this property has all you could want in an apartment - including the price! This community offers 1-, 2-, and 3-bedroom units.

Dave's Thoughts On Patterson Flats

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Patterson Flats has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Patterson Flats Amenities

  • Fitness Center
  • Air Conditioning
  • Refrigerator
  • Full-Size Washer & Dryer Connections

Units at Patterson Flats

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 Patterson Flats

*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 Patterson Flats

What property management company manges Patterson Flats?

Patterson Flats is managed by Elmington Property Management headquartered in Nashville, TN.

In addition to Patterson Flats, how many other affordable housing properties (and units) are there in Memphis?

In addition to Patterson Flats, we list 204 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 Patterson Flats listing last updated?

Patterson Flats listing on Affordable Housing Online was last updated on 10/19/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Patterson Flats

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Saints Court Apartments

994 N. Watkins St., Memphis, Tennessee 38107

Memphis Towers

1081 Court Ave, Memphis, Tennessee 38109

Robinhood Park Apartments

3717 Robin Park Circle, Memphis, Tennessee 38111

Hope Heights

383 Madison Ave, Memphis, Tennessee 38103

Latham and Magnolia Terrace

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