About This Property
University Place II LP comprises 94 low-income units in Memphis, Tennessee, serving families with a mix of one-, two-, three-, and four-bedroom apartments. The property has been in service since 2008 and receives 9% Low-Income Housing Tax Credit funding. The unit distribution includes 15 one-bedroom, 49 two-bedroom, 24 three-bedroom, and 6 four-bedroom units.
Waitlist Information
Waitlist managed by Memphis Housing Authority
A selected Public Housing Waitlists are OPEN. Current applicants must confirm their continued interest every six (6) months through the Applicant Portal. To check the status of your application or to update your contact information, contact the specific development where your application was submitted.
MHA's Housing Choice Voucher Program (HCVP) waiting list is currently closed and is not accepting applications at this time. MHA will publicly advertise when the waiting list re-opens. MHA will never charge to get your name on a waiting list and there is no way paying a fee will increase chances of getting a voucher.
Waitlist data provided by section8waitlist.org
Updated August 17, 2026
Property Details
Fair Market Rent - Shelby County, TN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,031 |
| 1 Bedroom | $1,146 |
| 2 Bedroom | $1,298 |
| 3 Bedroom | $1,711 |
| 4 Bedroom | $1,995 |
Income Limits - Shelby County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,450
- Very Low (50%)
- $24,050
- Low (80%)
- $38,500
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,950
- Low (80%)
- $49,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,100
- Low (80%)
- $59,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,850
- Low (80%)
- $63,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,350
- Low (80%)
- $72,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,450 | $24,050 | $38,500 |
| 2 Persons | $17,420 | $27,500 | $44,000 |
| 3 Persons | $21,960 | $30,950 | $49,500 |
| 4 Persons | $26,500 | $34,350 | $54,950 |
| 5 Persons | $31,040 | $37,100 | $59,350 |
| 6 Persons | $35,580 | $39,850 | $63,750 |
| 7 Persons | $40,120 | $42,600 | $68,150 |
| 8 Persons | $44,660 | $45,350 | $72,550 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Memphis, TN?+
The Fair Market Rent (FMR) for Shelby County, TN is: $1031 (Studio), $1146 (1BR), $1298 (2BR), $1711 (3BR), $1995 (4BR). Actual rent at subsidized properties like University Place Ii Lp is typically 30% of household income or less.
What size apartments are available at University Place Ii Lp?+
University Place Ii Lp offers the following unit types: 15 One-Bedroom, 49 Two-Bedroom, 24 Three-Bedroom, 6 Four-Bedroom units, for a total of 94 units.
Who is eligible to live at University Place Ii Lp?+
University Place Ii Lp primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at University Place Ii Lp?+
University Place Ii Lp is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for University Place Ii Lp?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Memphis, TN?+
Based on Fair Market Rent for Shelby County, the estimated price range is: 1-bedroom: $1146, 2-bedroom: $1298, 3-bedroom: $1711. Actual rent at University Place Ii Lp may be lower for income-eligible households.
What are the income limits for affordable housing in Shelby County, TN?+
For a 4-person household in Shelby County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,350, Low Income (80% AMI): $54,950. These limits are set by HUD and updated annually.
Who manages University Place Ii Lp?+
University Place Ii Lp is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near University Place Ii Lp
Memphis 2004
Memphis, TN
144 Units
The University Place Senior
Memphis, TN
118 Units
University Place Phase Ii
Memphis, TN
3 UnitsUniversity Place Iii Lp
Memphis, TN
93 Units
College Park Homes
Memphis, TN
1 UnitsMckinley Park Phase I
Memphis, TN
1 Units