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Affordable housing is essential for ensuring everyone has access to safe and stable living conditions. If you’re new to the concept, this guide will help you understand the basics, including how to qualify, what Section 8 is, government subsidies, wait-lists, and the overall process. We’ll also touch on other affordable housing programs available. What is…
Category Archives: News
Aug
10
2024
We are thrilled to celebrate Leanne Murray, our esteemed Director of Compliance, on her 40th anniversary with Alco Management. Since joining the team in 1984, Leanne has been a cornerstone of our success. Her journey, marked by determination and an unwavering commitment to excellence, is a testament to her passion for this work. When Leanne…
Sep
14
2022
ALCO recently secured the funds to start a $12 million renovation of Breezy Point Apartments, a 49-year-old affordable housing community in Memphis, Tennessee, for low-income families. Construction will begin in September and will last about a year. Breezy Point is one of our great successes. ALCO built Breezy Point in 1973 with a plan to…
Aug
09
2022
On Tuesday, June 7, the Learning and Development, Marketing and RPM teams met to discuss ways to encourage new employees to learn the policies, processes and procedures for each job duty and task that they are responsible for completing. We collaboratively agreed that new employees should be provided a set number of hours after the…
Aug
04
2022
On July 26, 2022, ALCO secured the funds to start a $10 million renovation of Cathedral Place Apartments, a 47-year-old affordable housing community in Mobile, Alabama, for low-income elderly residents. Construction will begin in August and will last about a year. Memphis-based ALCO acquired Cathedral Place in 2019 with a long-term vision for preserving its…
Aug
01
2022
Thanks to partnerships with the YMCA and the State of Tennessee, we have been able to provide free lunch to children at several of our properties, including Corning Village, Battery Heights, Saints Court and Rolling Hills, this summer. Children are provided a healthy lunch complete with fruits and vegetables to help keep them full all…
Jul
04
2022
ALCO has closed on the financing required to do a significant renovation of Irish Apartments. This is an exciting milestone in what is a long-term commitment by ALCO to provide quality, affordable homes for residents in McEwen, TN. ALCO purchased Irish Apartments and Creekview Manor Apartments from their previous owners on May 19, 2020. Closing…
Jul
01
2022
South Park Gardens was originally constructed in the 1970s, and it was owned for many years by a Memphis-based affordable housing developer. In 2014, ALCO had a lot of conversations with the developer, and in 2015, based on his relationship with Frank and others at ALCO, the developer trusted us to purchase his ownership interest…
Jun
07
2022
On Tuesday, June 7, Fairview Apartments held a bingo event for their residents. The site staff partnered with Humana Representative, Neidi Vidales, and gave away household essentials to the winners. Everyone had a wonderful time during this friendly competitive event. It is always fun and games until someone yells bingo!!!
Jun
02
2022
The team at Corning Village Apartments celebrated Cinco de Mayo by having tacos with all of the trimmings graciously prepared by our one and only Sheila Parker. The crock pots were filled with seasoned ground beef, steak, and chicken. The aroma must have traveled because the team at Pershing Park Apartments couldn’t resist an opportunity…