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The MAHTF was established by Memphis City Government 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. The Housing and Community Development Division (HCD) will administer the fund, which will be housed at the Community Foundation of Greater Memphis. The fund will be capitalized by annual recurring City funds and available for tax-deductible contributions from philanthropy and other government agencies. For the purpose of oversight, City of Memphis Mayor Jim Strickland will appoint a 11 to 15 person Advisory Board, to advise HCD on setting annual priorities based on available data, community input, scoring applications, and recommending projects. The Advisory Board will provide guidance in setting policy and annual priorities – aiming to ensure fairness in the scoring process.

TARGET INVESTMENT AREAS
• Multifamily development (new construction or rehabilitation)
• Low- to zero-interest loans and grants for nonprofit-led home repair programs
• Historic preservation/rehabilitation of unoccupied single family homes

PRIORITIZED FOCUS
• Households that rent and earn up 60 percent of the AMI
• Projects that incorporate universal design standards to enhance accessibility for the elderly and physically impaired
• Improving the energy efficiency of existing units, or producing new, energy efficient housing
• Projects located in Memphis 3.0 Accelerate Anchors and Anchor Communities’ boundaries

ELIGIBLE ACTIVITIES
• New construction of multifamily housing units
• Rehabilitation of multifamily units
• Single-family home repair
• Single-family rehabilitation

ELIGIBLE APPLICANTS
• Nonprofit developers
• For-profit developers in partnership with a nonprofit (as applicable per TN Code 13.23.501)
• Nonprofit housing agencies
• Community development corporations
• Community housing development organizations

*Note: Private individuals, such as homeowners or interested residents, are not permitted to receive grants or loans from the MAHTF.

More information can be found in the PDF's below.
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