COGIC launches project to create affordable housing - WMC Action News 5 - Memphis, Tennessee

COGIC launches project to create affordable housing

(Source: WMC Action News 5) (Source: WMC Action News 5)

Thanks to a partnership between a christian denomination and the City of Memphis, low-income families may soon have a new affordable housing option.

Members of the Church of God in Christ (COGIC) announced plans for the creation of new affordable town homes.

The project is called "Mason Villages." It's a 77-unit affordable rental town home community set for construction March 2017 with a completion a date in March 2018.

The 6.3 acre site location is down the street from the COGIC international headquarters. Representatives said the housing project was made possible through a partnership with COGIC, John Stanley, Inc., and the City of Memphis.

"It's our ongoing effort and our ongoing commitment to the city of Memphis," COGIC Bishop Charles Blake said.

The development is funded through public and private resources including a $4 million loan from the City of Memphis Division of Housing and Community Developments, according to project organizers.

"It's a 10 million dollar project and the city of Memphis has committed 40 percent of the finances needed to move he project forward," said Saki Middleton, President of John Stanley, Inc.

Mayor Jim Strickland said it would fill a critical need in the city for affordable housing.

"In the last six months alone, over 700 low-income families in this city have had to move from their existing residences," Strickland said.

Representatives with Memphis Housing and Community Development said it's too early for sign ups, but when the time comes the property managers will verify income and residency qualifications on all applicants.

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