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HUD Grants $35 Million in HOPE VI Funds
for Redevelopment of Uptown Memphis
On October 22, the City of Memphis announced its redevelopment
plans for Uptown Memphis, an area covering
125 city blocks. The redevelopment is funded by $35 million HOPE
VI grant from HUD, the Shelby County
Government, State of Tennessee Low Income Housing Tax Credits and
private developer Uptown Partnership, a
Belz-Turley Community Development Company. When complete, Uptown
Memphis will include 1,100 single-family
housing units (780 rental and 320 for ownership). Lauderdale Courts,
a 449-unit PH project, although not part of
the Hurt Village HOPE VI site, is being renovated as part of the
City's "Uptown" project. Closing for this
mixed-finance renovation project is scheduled for December 2002.
This site will be completely renovated but
retain the original exterior appearance as the teenage home of Elvis
Presley.
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