From a purely business perspective, it makes no financial sense to build a $200,000 house in a neighborhood where homes typically sell for $130,000 to $150,000. That simple fact is a big reason so many Memphis neighborhoods struggle — the math just ain’t mathin’.
But on Zodiac Road in Whitehaven, 10 newly built homes are challenging that logic by reshaping what affordable housing can mean: new construction, new equity, new beginnings.
City leaders, nonprofit partners and community members celebrated the project’s completion at 3118 Argot Ave. This initiative was made possible through a collaborative effort involving the City of Memphis Housing and Community Development (HCD), United Housing Inc., the Tennessee Housing Development Agency (THDA), Trustmark Bank and Convergence Memphis…