Todd Creek Apartments

1541 Northside Drive, Memphis, Tennessee 38127

Todd Creek Apartments, located at 1541 Northside Drive in Memphis, has one, two, three and four bedroom apartments. Todd Creek Apartments participates in the Section 8 Project-Based Rental Assistance and Low-Income Housing Tax Credit (LIHTC) programs.

Contact Todd Creek Apartments

Message Todd Creek Apartments

Units

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
Four Bedroom (4/2) - Call for Price

Todd Creek Apartments Details

  • 150 one, two, three and four bedroom units.
  • Project-Based Rental Assistance

About Todd Creek Apartments

Affordable Housing at its best! Todd Creek is a hidden treasure in the Frayser area of Memphis, a newly-renovated community that includes one- to four- bedroom apartments with modern features and finishes inside and out. The spacious apartments have neutral decor that will have you inspired and motivated to make this community your new home. Professional and knowledgeable management combined with a responsive and experienced maintenance staff makes this community THE choice for you and your family.

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 Todd Creek Apartments.

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 Todd Creek Apartments.

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.

Todd Creek Apartments 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 Todd Creek Apartments 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.

Todd Creek Apartments is managed by Alco Management Inc..

Image of Todd Creek Apartments

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

Memphis Towers

1081 Court Ave
Memphis, TN
Income Based
1 BR
62+
Subsidized

Madison Towers

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