DEVELOPMENTAPPROVED

Memphis Housing Authority Awards Development Contract to Penrose Properties (February 2026)

Memphis Housing Authority Board approved amending a HUD disposition application for approximately 1.09 acres to allow Penrose Properties to develop Edgeview at Legends Park Phase II Senior Facility. The new phase will add 60 affordable senior units on the site.

Status
APPROVED
Document date
February 26, 2026
Contract type
DEVELOPMENT
Vendor
Penrose Properties
Agency
Memphis Housing Authority · TN

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
DEVELOPMENT
Renewal
Future long-term ground lease with Penrose Properties subject to HUD approval; amendment of prior land disposition action.
Document type
Agenda
Source document
Memphis Housing Authority Board Meeting Agenda February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the development contract by Memphis Housing Authority?

Penrose Properties was awarded this development contract by Memphis Housing Authority, as recorded on February 26, 2026.

What type of contract is this?

This is a Development contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Memphis Housing Authority Board Meeting Agenda February 2026 (Agenda), dated February 26, 2026 from Memphis Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Penrose Properties hold?

Penrose Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Penrose Properties's profile

What is Memphis Housing Authority currently buying?

Explore Memphis Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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