Senior Living at University Place Apartments

600 S Somerville St, Memphis, Tennessee 38104

At Senior Living at University Place Apartments, you will love our pet friendly one and two bedroom apartment homes with kitchens, ample closet spaces, carpeting and hardwood like flooring, outdoor patios and medical alert systems for the best in Memphis senior living. Our gated community features a cardio fitness center, lush landscaping and scenic ponds, community room, hair salon, game room and business center with computers for your comfort and enjoyment. Conveniently located with access to all major Interstate 240 Expressway, Wolfchase Mall, Canon Center, historical Beale Street and the Brooks Museum of Art, Senior Living at University Place Apartments is the ideal address for convenient access to the area’s finest restaurants, entertainment and shopping. It's Not Just An Apartment...It's Your Home.

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 505-569 Call for Price

Senior Living at University Place Apartments Details

  • 118 1 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Public Housing

Property Amenities

  • Elevator
  • Fitness Center
  • Business Center
  • 24hr Emergency Maintenance
  • On-Site Maintenance
  • Laundry Facility

Office Hours

Day Hours
Monday 8:30am-5:30pm
Tuesday 8:30am-5:30pm
Wednesday 8:30am-5:30pm
Thursday 8:30am-5:30pm
Friday 8:30am-5:30pm

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.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

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 Senior Living at University Place Apartments.

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 Senior Living at University Place 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

Senior Living at University Place Apartments is managed by Memphis Housing Authority.

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