Memphis initiative aims to jump-start South Memphis housing development with $7M boost

For years, South Memphis has had a tool designed to generate money for neighborhood redevelopment. The problem? There wasn’t enough development happening to generate the money. Now, Memphis Mayor Paul Young says a proposed $7 million investment could change that. Young announced the funding Thursday, Oct. 15, during the Memphis Housing Summit, outlining a partnership […]

Black News Black News
Oct 20, 2026 - 14:18
Memphis initiative aims to jump-start South Memphis housing development with $7M boost
For years, South Memphis has had a tool designed to generate money for neighborhood redevelopment. The problem? There wasn’t enough development happening to generate the money. Now, Memphis Mayor Paul Young says a proposed $7 million investment could change that. Young announced the funding Thursday, Oct. 15, during the Memphis Housing Summit, outlining a partnership […]
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