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Memphis News & Weather | Memphis, TN | WATN - localmemphis.com

City of Memphis partners with Frayser CDC to build new homes

MEMPHIS, Tenn. (localmemphis.com)- Memphis Mayor Jim Strickland spent his Saturday looking at the progress being made on affordable housing in Frayser. The City...

MEMPHIS,Tenn. (localmemphis.com)- Memphis Mayor Jim Strickland spent hisSaturday looking at the progress being made on affordable housing in Frayser.

The City of Memphis partnered with the Frayser CommunityDevelopment Corporation to build 10 new homes Saturday near the corner ofWhitney and Woodland Terrace.

The first three homes were nearly complete, and an open house washeld to celebrate.

“We have a lot of available land in this neighborhood. We canbuild for a long time, provide houses close to Downtown, close to Crosstown andthe Medical District for people who work there but can’t afford to live inthose neighborhoods. They can come up, live up here, you know safely andaffordably in a nice house,” said Steve Lockwood of the Frayser CommunityDevelopment Corp.

Frayser CDC says each house has three bedrooms and two bathrooms.

They cost $88,000, and leaders say these are more affordable forliving in city limits, with payments under $700 per month.