Creating affordable housing options is crucial to the revitalization of Memphis neighborhoods. Through our affordable housing policy priority, we are focusing on increasing resources for and eliminating barriers to solving the quality affordable housing supply/demand gap through tools for acquisition, development and maintenance of affordable units.
Over the next year we hope to accomplish the following goals:
● Secure county and private allocations to the Memphis Affordable Housing Trust Fund and explore additional dedicated funding sources for long-term sustainability.
● Explore changes to the state Low Income Housing Tax Credit Qualified Allocation Program that increases the competitiveness of neighborhood-scaled affordable housing developments.
● Improve governing systems and enact policies that hold property owners and private management accountable for their properties while supporting and protecting the rights and livability of renters.
● Support the adoption of a rental property registry ordinance and regular inspections of rental housing units to ensure the safety of and livability for residents.
● Explore the creation of a “renters’ bill of rights” that clarifies and strengthens protections from housing discrimination, unlawful eviction, and retaliation.
● Encourage equitable access to fair housing opportunities through home repair and weatherization programs, increased housing and financial counseling, and the creation of a “one-stop-shop” for individuals and families to access information, apply, and be referred for services.
● Expand the eligibility of local and state home repair and weatherization programs to have a greater economic, health, and stability impact for Memphis households, for example by including rental property improvements as eligible uses.