(MEMPHIS, TENN – November 9, 2022) – The City of Memphis, Division Housing and Community Development (HCD) announces the release of $1 million in American Rescue Plan Act (ARPA) funds for the third round of the Memphis Affordable Housing Trust Fund (MAHTF). The funds will be used to support the reparation of owner-occupied housing units and the rehabilitation of vacant single-family housing in an effort to advance Memphis’ mission of providing affordable housing for all.
The application process will be open to non-profit housing developers and for-profit developers applying jointly with a nonprofit organization interested in providing safe, quality, and affordable housing.
“Working to provide quality, affordable housing has been one of our top priorities since coming to the mayor’s office,” Mayor Jim Strickland said. “The Affordable Housing Trust fund is another strong tool in the toolbox to help us continue to move the needle in this important area.”
Applications for MAHTF Round 3 are now open and must be submitted electronically. The City of Memphis, Division Housing and Community Development (HCD) will award funds through an open application process.
“We are thrilled to announce Round 3 of the Memphis Affordable Housing Trust Fund, making $1 million dollars available for repair of owner-occupied homes and rehab for vacant single-family housing is huge for our community. These funds will fill a much-needed gap for quality, safe affordable housing for Memphis” said Ashley Cash, Director of the City of Memphis Division of Housing & Community Development
To obtain additional information about MAHTF Round 3 or to apply, please visit https://www.memphistn.gov/government/housing-and-community-development/funding-opportunities/
ABOUT MEMPHIS AFFORDABLE HOUSING TRUST FUND: The MAHTF was established to address the affordable housing needs of households that earn up to 80 percent of the Area Median Income (AMI) with the primary goals of increasing affordable housing, improving neighborhoods, and building nonprofit developer capacity. HCD will administer the third round of MAHTF through its Affordable Housing Department.
FOR MORE INFORMATION: For more information about the Division of Housing and Community Development, Memphis Affordable Housing Trust Fund (MAHTF) Round 3, contact Jocelyn Eddins at Jocelyn.Eddins@memphistn.gov or 901-636-7428.