LYONS RIDGE

PROJECT DESCRIPTION:
Lyons Ridge Apartments is a dedicated 100% elderly community consisting of 102 apartment units housed in a single three-story building located at 1633 Pennsylvania Street in Memphis, Tennessee. It is a fenced and gated community adjacent to G. W. Carver High School. Rentals will be restricted to senior households with annual incomes at or below 50 and 60 percent of the area median income, with 80 units reserved for rent-assisted housing. The overall unit make-up is 59 one-bedroom/one-bath and 43 two-bedroom/one-bath apartments. The rent-assisted units consist of 50 one-bedrooms and 30 two-bedrooms. All 102 units have been constructed to be adaptable to ADA handicapped standards. Lyons Ridge Apartments is one of the first green, affordable senior housing projects across the country.