As Memphis leaders work to address the city’s affordable housing challenges, local housing advocates and developers say expanding access to housing will require long-term investment, stronger partnerships, and more pathways to homeownership.
During this week’s WKNO/Channel 10 “Behind the Headlines,” Zachary Amos of Habitat for Humanity of Greater Memphis, Kelbert Fagan of Convergence Memphis, and Ron Brooks of River City Capital discussed the financial and structural barriers affecting both renters and developers across Memphis.
Amos said Habitat for Humanity of Greater Memphis has constructed nearly 650 homes over the past 43 years. Additionally, the organization provides essential home repairs for low-income seniors through its Aging in Place program. They offer 0% interest mortgages to qualifying homebuyers who earn 80% or less of the area’s median income…