Place of Grace

In the Bearwater/Bickford neighborhood of North Memphis, new life and new housing are coming to a blighted section of the 7th Street corridor. In 2023, the CRA donated a vacant 10-unit, 2-story apartment building at 1071 7th Street and a vacant lot at 1073 7th Street to CAAP Inc for a redevelopment project that will bring affordable housing units for seniors and families to the neighborhood. CAAP received funds from a number of different sources for the project, including: $315,000 in federal CHDO funds from the City of Memphis, $600,000 from the City’s Affordable Housing Trust Fund, and $50,000 from the CRA. The single–family home at 1073 7th Street is complete and occupied, and the apartment building at 1071 7th Street is under construction and due to be completed in early 2025.