City of Memphis partners with Frayser CDC to build new homes

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

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

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

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

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

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

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