MEMPHIS HOUSING AUTHORITY/HOPE VI DEVELOPMENT...

MEMPHIS HOUSING AUTHORITY/HOPE VI DEVELOPMENT

2017PROPERTY PORTFOLIO

ASKEW PLACE

521 Vance Park Place

Memphis, TN 38126

(901) 505-0820

Twenty-five houses (25), two,

three and four bedroom

houses. Covered gazebo and

barbeque grill. Full amenities;

master bedrooms, central air-

conditioning, energy efficient

construction, intrusion

protection system, and well-

lit interior core. ADA and Visitable Compliant.

BARRY TOWERS

255 North Lauderdale

Memphis, TN 38103

(901) 505-0329

One-hundred, ninety-eight

(198) units. Landscaping,

installation of security

cameras in progress, HVAC

upgrades for common

areas on the first floor, ADA

upgrades, interior finish

upgrades, waterproof

exterior, rehab work in

dwelling units, common

area mechanical

equipment upgrades,

modifications for domestic

water system for isolation

and shower panels for bare

wet walls, exterior repairs

completed, new roof

installed and community room.

BISHOP G. E. PATTERSON

POINTE

886 Latham

Memphis, TN 38126

(901) 505-0820

Twenty-four (24) single and

sixteen (16) multi-family

dwellings. All units are Low

Income Housing Tax Credit.

Full amenities; master

bedroom, central air-

conditioning, energy efficient

construction, intrusion

protection system,

playground area, well-lit

interior core, on-site

management and community

building. ADA and Visitable

Compliant.

BORDA TOWER

21 Neely Street

Memphis, TN 38105

(901) 505-0801

Renovations include; first

floor common area

improvements were recently

completed, landscaping,

replacement of roof

covering, replacement of

auxiliary site lighting,

installation of security

cameras in progress, exterior

finish cleaning, sealing and

painting, ADA upgrades,

interior finish upgrades,

balcony repairs and new

balcony access doors,

rehab.

DR. R. Q. VENSON CENTER

439 Beale Street

Memphis, TN 38103

(901) 505-0834

215 Units. Laundry room on

each floor, sewer drainage

repair to remove

obstruction, balcony

repairs/new balcony

access doors, rehab work in

dwelling units, modifications

for domestic water system

for isolation and common

area equipment upgrades.

MEMPHIS HOUSING AUTHORITY (MHA) PROPERTIES



JEFFERSON SQUARE741 Adams Avenue

Memphis, Tennessee 38105(901) 505-0274

Full amenities including; replacement of roof covering, lighting suppression system, landscaping, installation of

security cameras in progress, exterior finish cleaning, sealing

and painting, ADA upgrades, interior finishes upgrades, new

balcony screen doors, rehab work in dwelling units, common area

mechanical equipment upgrades and modifications for domestic

water system for isolation.

KEFAUVER7620 Robinson Cove

Arlington, Tennessee 38002(901) 616-1883

Forty-four units of one story multi-family housing including

nineteen (19) efficiencies, twenty-three (23) one-bedroom

units and two(2) deprogrammed units for an

office and a community room. Amenities include patio area,

on-site laundry room, updated heating and air systems.

Installation of sidewalks and resurfacing of parking areas.

LATHAM TERRACE SENIOR BUILDING

855 South Fourth StreetMemphis, Tennessee 38126

(901) 774-0151

Eighty (80) units, including twelve (12) two-bedrooms. Full Amenities;

stove, refrigerators, community room, library, on-site laundry room,

large community kitchen, emergency response system,

emergency backup system, patio seating area, cable/satellite connection, security gated

community, central heat and individualized air.

MONTGOMERY PLAZA1395 Pennsylvania Street


100 Units. Various site improvements estimated at

$400k; replacement of windows and doors planned, drainage

modifications, sidewalk installations, new dumpster

enclosures and housing pads, new site lighting, reconstruction of

Tumberland Drive, new entrance doors and energy efficient

windows.

MEMPHIS HOUSING AUTHORITY (MHA) PROPERTIES



HOPE VI/REDEVELOPMENT PROPERTIES

LEGENDS PARK 198 North Pauline

Memphis, TN 38105(901) 577-9722

LEGENDS PARK SENIOR HOUSING

295 West Red Sox LaneMemphis, TN 38105

(901) 244-3200

MCKINLEY PARKGeorgia at McKinleyMemphis, TN 38103

(901) 523-9402

LEGENDS

COLLEGE PARK990 College Park

Memphis, TN 38126(901) 946-7100

UNIVERSITY PLACE1045 E. H. Crump

BoulevardMemphis, TN 38104

(901) 526-0810

CLEABORN POINTE ATHERITAGE LANDING

460 South LauderdaleMemphis, TN 38126

(901) 254-7670

• Uptown HOPE VI Grant• $35 m HOPE VI Grant• Redevelopment of 100 city

block area

UPTOWN PHASES• Greenlaw Place Apartments

• 88 units

• Magnolia Terrace Senior Housing • 69 units

• Metropolitan Apartments• 114 units

• Neighborhood Homes Scattered Site Rental

• 106 single-family homes

• Neighborhood Homes For-Sale• 104 single-family homes

• Market Rate Housing • 98 single-family units

• Uptown Square Apartments• $38 m Mixed-Finance Project • 347 units • Rehabilitation of Lauderdale

Courts (historic register listed property)

• $20 million HOPE VI Grant

• 234 rental units for families

• 12,000 sq. ft. of commercial development with an additional 23 one and two bedroom market rate units

• 81 unit senior building• 30 single family for sale homes • 18 three bedroom homes• 12 four bedroom homes

• $47.2 million in HOPE VI Grant • 261 family units completed• 80 unit senior building• 70 single family for sale homes• 40,000 sq. ft. multi-service community

center

• $22m in HOPE VI Grant• 278 family units to be completed in 2015• 84 unit senior building• 5,000 square foot community building

• $20m HOPE VI Grant• 372 family units completed• 118 unit senior building• 30,000 square foot community center

for youth activities



HOPE VI/REDEVELOPMENT PROPERTIES

METROPOLITAN APARTMENTS

374 Mill AvenueMemphis, Tennessee 38107

(901) 527-1670

GREENLAW PLACE 148 Mill Avenue, Suite 102


MAGNOLIA TERRACE SENIOR FACILITY

669 North Third StreetMemphis, TN 38107

(901) 524-1007

UPTOWN HOMES534 North Second Street

Memphis, TN 38103 (901) 523-9402

Under the HOPE VI Urban Revitalization Program, theMemphis Housing Authority and its partners have developed anational redevelopment model to revitalize former distressedpublic housing developments. The City of Memphis remainssteadfast in its commitments to provide available resourcesand technical support to assist with the overall redevelopmenteffort and revitalization of our distressed neighborhoods.

Since 1995, the City of Memphis has been awarded over$144,000,000 in HOPE VI Program funds alone, leveraged to$375,000,000 to facilitate redevelopment activities at fiveformer public housing sites. In addition to the redevelopmentof over 2,200 affordable, public housing, and market rate newand rehabilitated rental and for-sale housing units. Thesemajor transformation initiatives, will encourage local andminority business development, as well as transform the livesof public housing residents through achievement of economicself-sufficiency.

UPTOWN/UPTOWN SQUARE APARTMENTS253 North LauderdaleMemphis, Tennessee 38103(901) 523-9402

FOOTE HOMES(SOUTH CITY)

521 Vance Park PlaceMemphis, Tennessee 38126

(901) 544-1246

UPTOWN

2017 MHA PROPERTY PORTFOLIO

HOPE VI PUBLIC PRIVATETOTAL

INVESTMENTCollege Park $47,300,000 $4,250,000.00 $5,000,000 $62,250,000

$690,000.00 $4,300,000 $675,000.00

University $20,000,000 $2,500,000.00 $21,043,000 $89,608,891 $2,600,000 $32,583,891.00 $8,882,000

$220,000.00 $1,200,000 $580,000

Uptown $35,000,000 $9,300,000 $46,752,000 $24,335,000 $14,730,000 $133,571,000

$2,500,000 $900,000

SUBTOTAL $104,900,000 $74,553,891 $105,887,000

Cleaborn Pointe $22,000,000 $1,100,000 $3,300,000 $85,200,000 $3,200,000 $18,300,000 $1,000,000 $9,600,000

$14,800,000 $1,700,000 $200,000

$10,000,000

Legends $20,000,000 $8,800,000 $22,700,000 $88,457,000 $1,500,000 $5,100,000

$15,900,000 $6,100,000 $4,057,000 $2,100,000 $1,700,000

$500,000

SUBTOTAL $42,000,000 $64,857,000 $66,800,000

PLANNED Foote Homes/Choice Neighborhoods $30,000,000 $12,700,000 $60,000,000 $102,700,000

TOTAL $176,000,000 $152,110,891 $232,687,000 $561,786,891

MHA CAPITAL PUBLIC PRIVATE TOTAL

COMPLETE

Askew Place $3,400,000 $0 $3,400,000

Barry Towers $5,100,000 $0 $5,100,000

Bishop G. E. Patterson Pointe $4,754,473 $1,760,607 $6,515,080

Borda Towers $2,407,037 $0 $2,407,037

College Park Exterior $1,312,249 $1,312,249

Dr. R. Q. Venson Center $4,157,530 $0 $4,157,530

Jefferson Square $2,600,000 $0 $2,600,000

Latham Terrace $5,214,000 $3,712,000 $8,926,000

Montgomery Plaza $4,200,000 $0 $4,200,000

SUBTOTAL $33,145,289 $5,472,607 $38,617,896

IN-PROGRESS

High Rises (Upgrades In-Progress) $2,000,000 $2,000,000

Kefauver (In-Progress) $500,000 $0 $500,000

College Park II (In-Progress) $3,000,000 $3,000,000

SUBTOTAL S5,500,000 $0 $5,500,000

PLANNED

Kefauver II (Planned) $600,000 $0 $600,000

MHA High Rises (Planned) $20,000,000 $0 $20,000,000

SUBTOTAL $20,600.00 $0 $20,600,00

TOTAL $33,165,889 $5,472,607 $44,117,896

HOPE VI PUBLIC PRIVATE TOTAL

MHA

Complete $0 $33,145,289 $ 5,472,607 $38,617,896

In-Progress $0 $5,500,000 $0 $5,500,000

Planned $0 $20,600,000 $0 $20,600,000

SUBTOTAL $0 $59,245,289 $5,472,607 $64,717,896

HOPE VI $104,900,000 $108,059,180 * $109,408,214* $322,367,394

In-Progress $42,000,000 $75,357,000 * $71,900,000* $189,257,000

Planned $30,000,000 $33,300,000* $60,000,000* $123,300,000

Subtotal $176,900,000 $216,716,180 $241,308,214 $634,924,394

SUBTOTAL $1,235,000 $55,303,015 $74,008,000 $130,546,015

TOTAL $178,135,000 $331,264,484 $320,788,821 $830,188,305

*Includes CIP, CDBG, MHA Capital and HOME

*Includes Private Donations, Developers Fees and Owner Equity

MEMPHIS HOUSING AUTHORITY/HOPE VI DEVELOPMENT...

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