To see this portfolio full screen, click on the double arrows in the upper right hand corner.
Downtown Memphis, TN
Crescent Bluff Apartments, is a 72 unit project on 4 acres in downtown Memphis. The project consists of 36 two-bedroom units and 36 three-bedroom units, Leasing / Clubhouse facility and urban pocket park. The units will range from 1,150 to 1,350 square feet. The project focuses on affordable market housing and uses a variety of local and federal incentives. The development team is using a Payment In Lieu Of Taxes, PILOT, through the Health, Education, and Housing Facility Board of the City of Memphis. Elmington Capital is also using a low-income housing tax credit, a federal program made available through the Tennessee Housing Development Authority.