Affordable Housing
Affordable Housing
Memoir May Hosiery is within reach! We are proud to offer 10% of our apartment homes at affordable, below-market rates for households not to exceed 80-120% AMI. All of our apartments come with the same high-end finishes like quartz counters and plank flooring, and access to luxurious amenities like our rooftop pool and fully-equipped fitness center. The rental rates for Memoir May Hosiery’s affordable apartments are as follows:
| APARTMENT TYPE | RENT RANGE | AMI |
| Studio | $1,608 | 80% |
| One Bedroom | $1,814 - $2,134 | 81%-120% |
| Two Bedroom | $3,099 | 120% |
To qualify, your family's income must not exceed the limits set by Nashville Housing Bureau. The current income limits are listed below:
| HOUSEHOLD SIZE | 80% INCOME LIMIT | 120% INCOME LIMIT |
| 1 | $64,320 | $96,480 |
| 2 | $73,440 | $110,160 |
| 3 | $82,640 | $123,960 |
| 4 | $91,840 | $137,760 |
The following are a few of the steps employed to determine your eligibility. This is not a complete list of the requirements.
- Your qualification is based on the entire household's income including wages, social security, pensions or disability income, unemployment compensation, alimony or child support income, and income from assets.
- Qualification is determined at the time of your initial application.
- Your income can exceed the income limits after occupancy with no impact on your rent.
- Income is defined as the gross amount of income anticipated to be received by all members of the household, with some exceptions, during a 12-month period following the lease start date.
Please contact our leasing team for more details.