The funding for “Phase 1” has been closed and totals about $79.6 Million, among $17 Million in tax Credits. What is “Phase 1”, you may be asking…
The HABD wants to “de-densify” the housing projects of the Loveman Village (500 units).
To do so, they will build about 120 units on Sydney Drive where Oxmoor Valley Elementary is located so to spread out the community that currently lives in the Loveman Village.
“One goal is to break up the density of affordable housing and to provide residents the opportunity to live in different parts of the city, give them more job opportunities, educational opportunities and give them housing choice…
And in five years, we want you ‘up and out’ of public housing.”
– Michael O. Lundy told WBRC in June
- The Developer – Hollyhand Development of Northport
- Construction should be finished by the end of 2017