Memphis is quite literally building a future with options for the often-neglected middle-income bracket. The latest nail in the framework of their middle-income housing strategy is the Bellevue Montgomery project, a 23-unit infill development breaking ground on October 29. The City of Memphis Division of Housing and Community Development and KPS Development Partners are joining hands to introduce this "cottage court" concept, tailored to stay accessible for those making 80% to 120% of the median area income, as reported by the City of Memphis official website.
This initiative is a clear enhancement to the city's Middle-Income Housing Pilot Program (MI-Pilot), which is aimed to not only fulfill but also assist in hopefully surpassing residents' expectations for affordable living spaces. The Bellevue Montgomery development plans to to readily feature one- and two-bedroom units in the form of cottages, duplexes, and fourplexes set within an inviting community landscape. In a statement obtained by the City of Memphis, Ashley Cash, HCD director, emphasized the focus on "working families" and the collective aspiration for "community-focused housing" that's both attainable and thoughtfully designed to "bring neighbors together."
The project isn't just a win for affordable housing; its location is prime real estate, with proximity to the Crosstown Concourse and close ties to the significant Medical District, blending work, life, and play all within a stone's throw. It marks an important part in a larger shift seen across the city, spearheaded by projects like the Crosstown Mound development, also supported by HCD, fostering community development in ways that beat back against gentrification and the displacement often seen in fast-developing urban landscapes.
Looking forward, phase one of Bellevue Montgomery is to definitively complete by summer 2026 and will start the progress with its first 23 units. A mixed financial strategy, including public incentives, private investment, CDFI lending, and even crowdfunding, is the backbone of this project's funding. "This project is a perfect example of the type of community-focused housing we want to see across Memphis — attainable, walkable, and designed to bring neighbors together," Ashley Cash told the City of Memphis website, detailing the future facilities which are slated to include communal green spaces, grilling stations, a firepit, and even considerations for a community garden, all centered on promoting an interactive and social living environment.
The MI-Pilot program is signaling a strong start, with $1 million allocated in its inaugural year to launch more than 50 units across four developments including the Bellevue Montgomery. The program and projects like these perfectly align with efforts laid out in the Memphis 3.0 Comprehensive Plan and Accelerate Memphis initiatives. With future phases of Bellevue Montgomery on the horizon and said to pull up the total unit count to 67, Memphis is sending a clear message that a vibrant and equitable cityscape isn't just a pipe dream. "We are committed to creating a housing market where everyone — from low-income to middle-income families — can find a place to call home," Cash shared with the City of Memphis website.
