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THE CITY OF MEMPHIS MEMPHIS HOUSING AUTHORITY including HOPE VI & MEMPHIS LAND BANK PROPERTY PORTFOLIO MEMPHIS LAND BANK (MLB HOPE VI PROJECTS MEMPHIS HOUSING AUTHORITY November 1, 2014

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THE CITY OF MEMPHIS

MEMPHIS HOUSING AUTHORITY

including

HOPE VI & MEMPHIS LAND BANK

PROPERTY PORTFOLIOMEMPHIS LAND BANK (MLB

HOPE VI PROJECTS

MEMPHIS HOUSING AUTHORITY

November 1, 2014

ASKEW PLACE521 Vance Park PlaceMemphis, TN 38126

(901) 544-1242

Twenty-five houses (25), two, three andfour bedroom houses. Covered gazeboand barbeque grill. Full amenities;master bedrooms, central air-conditioning, energy efficientconstruction, intrusion protectionsystem, and well-lit interior core. ADAand Visitable Compliant.

BARRY TOWERS255 North Lauderdale Memphis, TN 38103

(901) 544-1240

One-hundred, ninety-eight (198) units.Landscaping, installation of security camerasin progress, HVAC upgrades for commonareas on the first floor, ADA upgrades,interior finish upgrades, waterproof exterior,rehab work in dwelling units, common areamechanical equipment upgrades,modifications for domestic water system forisolation and shower panels for bare wetwalls, exterior repairs completed, new roofinstalled and community room.

BISHOP G. E. PATTERSON POINTE886 Latham

Memphis, TN 38126 (901) 544-1242

Twenty-four (24) single and sixteen (16) multi-family dwellings. All units are Low IncomeHousing Tax Credit. Full amenities; masterbedroom, central air-conditioning, energyefficient construction, intrusion protectionsystem, playground area, well-lit interior core,on-site management and community building.ADA and Visitable Compliant.

MEMPHIS HOUSING AUTHORITY (MHA) PROPERTIES FAIRWAY MANOR-SENIOR LIVING12 West Fairway Avenue

Memphis, Tennessee 38109(901) 687-8033

Fairway Manor-Senior Building is comprised of forty-eight (48) one-bedroom/one bath units and twenty (20) two-bedroom/one bathunits for the elderly. The gated community also has a senior amenitycenter with a leasing office and a nearly 3000 square foot multi-family community building/leasing office.

FAIRWAY MANOR-TOWNHOMES108 Fairway Meadow Circle South

Memphis, Tennessee 38109(901) 457-8380

Fairway Manor Townhomes is comprised of multi-family sectionswhich includes fourteen (14) three-bedroom/two and a half bathsand fourteen (14) four-bedroom/two baths units, with on-sitelaundry facility.

FIRESTONE MANOR(Development Stage)

The proposed development, Firestone Manor, will replace theformer dilapidated public housing community known as OatesManor Apartments

LEVI-LAKEVIEW LANDING745 West Levi Road

Memphis, Tennessee 38109(901) 785-5840

Levi Landing, 24 three-bedroom and 8 four-bedroom units, andLakeview Landing , 111 three-bedroom and 41 four-bedroom units,together consists of 184 affordable residential units located at 745W. Levi Road in Memphis, Tennessee. All of the units are low-income tax credit units and are reserved for those earning at orbelow 50% and 60% of the Area Median Income

PARKWAY COMMONS1500 Parkway View Circle

Memphis, Tennessee 38106(901) 726-1812

Parkway Commons is an 80 unit, two-story garden apartmentcommunity containing 16 one-bedroom, 40 two-bedroom and 24three-bedroom units suited for families and single residents

RICHMOND PLACE APARTMENTS3361 Sobota Circle

Memphis, Tennessee 38109(901) 789-0038

Richmond Place, formerly known as Pecan Grove SeniorApartments, is a two-story garden apartments and townhomescommunity containing 22 one-bedroom, 56 two-bedroom and 22three-bedroom units.

VILLAGE AT CYPRESSWOOD 168 Cypresswood

Memphis, Tennessee 38109(901) 786-9252

Village at Cypresswood is a newly developed multi-familycommunity consisting of 116 affordable rental units contained in 29quad buildings

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

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

SUBTOTAL $20,600,000 $0 $20,600,000

TOTAL $59,245,289 $5,472,607 $64,717,896

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

MLB

Complete $1,235,000 $36,864,765* $61,926,000 $100,025,765

In-Progress $0 $9,952,000* $4,082,000 $14,034,000

Planned $0 $8,486,250* $8,000,000 $16,486,250

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

HOPE VI PROPERTIESLEGENDS PARK 198 North Pauline Memphis, Tennessee 38105(901) 577-9722

METROPOLITAN APARTMENTS374 Mill Avenue

Memphis, Tennessee 38107 (901) 527-1670

GREENLAW PLACE 148 Mill Avenue, Suite 102

Memphis, Tennessee 38105(901) 521-1670

LEGENDS PARK SENIOR HOUSING295 West Red Sox LaneMemphis, Tennessee 38105(901) 244-3200

MAGNOLIA TERRACE SENIOR FACILITY669 North Third StreetMemphis, TN 38107

(901) 524-1007

MCKINLEY PARKGeorgia at McKinleyMemphis, Tennessee 38103 (901) 523-9402

UPTOWN HOMES534 North Second Street

Memphis, TN 38103 (901) 523-9402

LEGENDS

UPTOWN

Under the HOPE VI Urban Revitalization Program, the MemphisHousing Authority and its partners have developed a nationalredevelopment model to revitalize former distressed public housingdevelopments. The City of Memphis remains steadfast in itscommitments to provide available resources and technical support toassist with the overall redevelopment effort and revitalization of ourdistressed neighborhoods.

Since 1995, the City of Memphis has been awarded over $144,000,000in HOPE VI Program funds alone, leveraged to $375,000,000 tofacilitate redevelopment activities at five former public housing sites.In addition to the redevelopment of over 2,200 affordable, publichousing, and market rate new and rehabilitated rental and for-salehousing units. These major transformation initiatives, will encouragelocal and minority business development, as well as transform the livesof public housing residents through achievement of economic self-sufficiency.

• 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 activitiesUPTOWN/UPTOWN SQUARE APARTMENTS

253 North LauderdaleMemphis, Tennessee 38103

(901) 523-9402

COLLEGE PARK990 College ParkMemphis, Tennessee 38126(901) 946-7100

UNIVERSITY PLACE1045 E. H. Crump BoulevardMemphis, Tennessee 38104 (901) 526-0810

CLEABORN POINTE ATHERITAGE LANDING460 South LauderdaleMemphis, Tennessee 38126(901) 254-7670

HOPE VI PUBLIC PRIVATE TOTAL 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

$146,900,000 $139,410,891 $172,687,000 $459,086,891

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

MEMPHIS LAND BANK (MLB) PROPERTIESAUSTIN PARK PLACE4351 Leclaire Street

Memphis, Tennessee 38109(901) 789-2221

Austin Park Place replacedthe former dilapidated publichousing community known asHorn Lake Heights andconsists of 71 multi-familyunits in a gated communitywith a leasing office.

HAROLD E. FORD, SR. VILLAS549 Deerskin Drive

Memphis, Tennessee 38109 (901) 785-4870

Harold E. Ford, Sr. Villas is amulti-family communityconsisting of 36 duplexbuildings, for a total of 72dwelling units, plus aseparate leasing office.

CROCKETT PARK PLACE2645 Davey Drive

Memphis, Tennessee 38127 (901) 357-6206

On-site property manager, welllit grounds, large spaciousbedrooms, ample parking, gatedcommunity,recreational/playground forchildren, on-site Laundromat,refrigerator/stove, centralheat/air, windows adorned withmini-blinds, spacious kitchensand on-site propertymaintenance.

LYONS RIDGE APARTMENTS1633 Pennsylvania Street

Memphis, Tennessee 38109(901) 948-5165

Lyons Ridge Apartments is adedicated 100% elderlycommunity consisting of102 apartment units housedin a single three-storybuilding.

BORDA TOWER21 Neely Street

Memphis, TN 38105 (901) 544-1210

Renovations include; first floor commonarea improvements were recentlycompleted, landscaping, replacement ofroof covering, replacement of auxiliarysite lighting, installation of securitycameras in progress, exterior finishcleaning, sealing and painting, ADAupgrades, interior finish upgrades,balcony repairs and new balcony accessdoors, rehab.

DR. R. Q. VENSON CENTER439 Beale Street

Memphis, Tennessee 38103(901) 544-1215

215 Units. Laundry room on each floor,sewer drainage repair to removeobstruction, balcony repairs/new balconyaccess doors, rehab work in dwellingunits, modifications for domestic watersystem for isolation and common areaequipment upgrades.

JEFFERON SQUARE741 Adams Avenue

Memphis, Tennessee 38105(901) 544-1200

Full amenities including; replacement ofroof covering, lighting suppressionsystem, landscaping, installation ofsecurity cameras in progress, exteriorfinish cleaning, sealing and painting, ADAupgrades, interior finishes upgrades, newbalcony screen doors, rehab work indwelling units, common area mechanicalequipment upgrades and modificationsfor domestic water system for isolation.

KEFAUVER7620 Robinson Cove

Arlington, Tennessee 38002(901) 377-3859

Forty-four units of one story multi-familyhousing including nineteen (19)efficiencies, twenty-three (23) one-bedroom units and two(2)deprogrammed units for an office and acommunity room. Amenities includepatio area, on-site laundry room,updated heating and air systems.Installation of sidewalks and resurfacingof 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 communitykitchen, emergency response system,emergency backup system, patio seatingarea, cable/satellite connection, securitygated community, central heat andindividualized air.

MONTGOMERY PLAZA1395 Pennsylvania Street

Memphis, Tennessee 38106(901) 544-1139

100 Units. Various site improvementsestimated at $400k; replacement ofwindows and doors planned, drainagemodifications, sidewalk installations,new dumpster enclosures and housingpads, new site lighting, reconstruction ofTumberland Drive, new entrance doorsand energy efficient windows.

MLB HOPE VI PUBLIC PRIVATE TOTAL

COMPLETE

Austin Park Place $380,000-Demolition $5,889,000 $5,554,000 $11,823,000

(Formerly Horn Lake Heights)

$900,000 $5,700,000 $6,600,000

Crockett Place (Formerly Hawkins Mill)

Harold E. Ford Sr. Villas $486,000-Demolition $4,494,000 $7,788,000 $12,282,000

(Former Ford Road)

Lakeview Landing $2,423,000 $2,279,000 $4,702,000

(Acquisition of existing units)

Levi Landing $9,429,000 $8,425,000 $17,854,000

(Acquisition of existing units)

Lyon’s Ridge $4,255,000 $7,971,000 $12,226,000

Parkway Commons $2,652,222 $6,273,000 $8,925,222

(Acquisition)

Richmond Place Apartment $3,304,543 $7,214,000 $10,518,543

(Acquisition)

The Village at Cypresswood $369,000-Demolition $4,004,000 $10,722,000 $15,095,000

(Formerly Cypresswood)

SUBTOTAL $1,235,000 $37,350,765 $61,926,000 $100,025,765

IN-PROGRESS

Fairway Manor $9,952,000 $4,082,000

Subtotal $14,034,000

PLANNED $8,486,250 $8,000,000

Firestone Manor

Subtotal $16,486,250

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