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The project focuses on the 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.
New Blossom, is a 64 unit project on 1.5 acres in downtown Memphis. The project consists of one and two bedroom units and small ground floor retail/commercial, Leasing and Clubhouse facility.
Owner: New Blossom Developers, LLC http://www.elmingtoncapital.com
Builder: Patton & Taylor Enterprises, LLC www.pattontaylor.com
Structural Engineer: Davis Patrikios Criswell, Engineers http://www.dpcmemphis.com
Civil Engineer: W.H. Porter Consultants http://www.whporter.com
Landscape Architect: Kersey/Wike Associates, P.C. http://www.kerseywike.com