Last year was a big year for low-income projects funded by the California firm West Egg, who spent over $2 million in the area on 10 properties–a number they are looking to double throughout 2013. The West Egg firm has particular interest in Memphis because a key realtor and investor with the firm, Jay Massey, went to college in Memphis and lived in the area for several years. The Memphis movers are excited at the fact that developers and investors look towards us as an area worth snapping up properties and revitalizing homes that have fallen decrepit and run down.

Memphis is certainly an area with a low-income population, something that the city has struggled to fix over many years. Hopefully, this approach of updating old properties and offering more low income housing options will allow those struggling economically to allocate more money towards saving rather than paying high rents and utility bills.