Memphis Housing Authority Announces $70 Million Investment To Preserve

The Memphis Housing Authority finalized funding for MH Strategies Family RAD, LP and MH Strategies Family RAD II, LP for a combined community investment of $70,336,467. Both projects will be Rental Assistance Demonstration program redevelopment efforts with BGC Advantage, MHA's private sector housing partner. The transactions were made possible with the help of partners at Raymond James Tax Credit Funds, Inc., Citi Community Capital, The Health, Educational and Housing Facility Board in Memphis, and the Tennessee Housing Development Agency.