Pathway Lending welcomes Tracy Buckley to the team as Director of the Memphis Medical District Investment Fund. Tracy brings more than 17 years of technical training and measured success in the economic development industry. Her industry knowledge includes commercial and residential real estate development practices, placed based neighborhood strategies, and revolving loan funds centered around New Market Tax Credit census tracts. Prior to joining Pathway Lending, Tracy served as Manager of Economic Development Programs with EDGE, Memphis and Shelby County’s Industrial Development Board.
“Being able to support transformational development activity in the Memphis Medical District is extremely critical to creating an equitable and safe ecosystem for the neighborhood, residents, and anchor institutions. I am excited to be a part of such a mission driven organization that is intentional in becoming a change maker in the communities they serve,” Tracy.
A native of Memphis, Tracy holds a Master of Arts Degree in City and Regional Planning along with an undergraduate degree in Business Administration, both from the University of Memphis. She holds a Certified Economic Developer (CEcD) designation from the International Economic Development Council (IEDC) and is a graduate of the Barrett School of Banking. She also holds multiple certifications from Neighborworks.
About Memphis Medical District Investment Fund
Pathway Lending and the Memphis Medical District Collaborative (MMDC), in partnership with First Horizon, Regions Bank, Truist, The Kresge Foundation and The Hyde Family Foundation, today announced the launch of the Memphis Medical District Investment Fund, a $30 million capital fund dedicated to support development of residential and mixed-use projects in the Memphis Medical District.
The Memphis Medical District is home to several large hospital systems, as well as a number of medical education providers. The area hosts over 30,000 employees and students and more than 10,000 residents. Yet decades of disinvestment in the area’s neighborhoods have resulted in high poverty rates and a lack of adequate housing and commercial options. Though the area has seen marked investment in recent years, market studies indicate the District can absorb 1,000 more residential units and nearly 170,000 square feet of commercial and retail space. The fund will provide developers looking to address the current gap with an additional capital source of flexible financing in a rising market.