Foote Park at South City

Location

Memphis, TN

Role

Local Housing Development Partner

Status

Under construction

Project Description

As part of the South City Choice Neighborhoods Initiative (CNI), ComCap partnered with McCormack Baron Salazar to redevelop the Foote Homes public housing site in Memphis, TN. Once completed, the development will consist of 712 units of quality, safe, and energy-efficient mixed-income housing and includes a variety of housing options such as garden-style apartments, townhouse apartments, and senior housing. The first two phases of the six-phase project are completed and occupied. The third phase is currently under construction and will be occupied in the fall of 2021. Construction of the fourth phase has also begun; a subsequent phase will be completed each year until 2023. The project is funded with federal and local funds, conventional debt, and tax credit equity.