The future of Memphis takes shape in its neighborhoods. When families don’t have quality and accessible housing options, the effects reach beyond any one address: families lose stability, businesses lose customers, and communities lose investment. Memphis has lost population, rents and home values have risen faster than incomes, and household sizes are smaller, yet the demand for more homes persists.

Creating 10K new and restored units by 2030 is one measurable part of the response. Alongside protecting existing homes and expanding affordability, the goal is to create more choices. Whether it’s a first apartment, room for a growing family, or someone ready to downsize, the goal is to strengthen the neighborhoods Memphians call home.

Stronger Neighborhoods. Stronger Memphis.

6,600 more

households

gained between 2010 and 2024, despite population declined

37% increase

in median rent

between 2019 and 2024, while median household incomes increased by 20%

What counts?

The goal tracks completed housing units through new construction or rehabilitation. The count measures units inside Memphis city limits from January 1, 2024, through December 31, 2030. Qualifying units include affordable and market-rate development.

The goal includes both affordable and market-rate housing units, expanding quality housing choices for residents across income levels. Subsidized affordable units are captured and reported as part of the production data.
New dwelling units with completed permits, including new construction, accessory dwelling units, rebuilt homes, and eligible conversions qualify toward the goal. Rehabilitation includes units returned from uninhabitable to livable condition.
Although preservation is key to maintaining the existing housing stock, renovations, repairs and upgrades to livable units do not qualify toward the goal.
Units are counted toward the goal once they reach completion status in the permitting system.

Places taking shape

Across Memphis, builders are creating more ways to call this city home. Explore the map to see the developments bringing housing choices to our neighborhoods.

Progress toward 10k

Every completed unit moves Memphis closer to the goal. Track the new and rehabilitated housing units completed since January 2024, the subset of subsidized affordable units included in the count and see our progress toward 10,000 by 2030.

Subsidized/Affordable Units

New/Rehab Units

The Approach.

The City’s approach focuses on creating the environment and capacity needed to deliver more housing across Memphis.

Goal: Reduce friction in the development environment
- Code and zoning revisions
- Policy formation
- Interdepartmental and cross-agency coordination
- Removing administrative bottlenecks

Goal: Close feasibility gaps and provide capital supports
- Loon pool and gap financing exploration
- Infrastructure supports
- Incentives to build
- Strategic use of dollars

Goal: Grow the number and strength of developers able to deliver
- Emerging developer supports
- Predevelopment readiness
- Land acquisition
- Technical assistance