16-06-2025
Mobile secures historic funding for affordable housing
UPDATE (6:30 p.m.): Millions of dollars were approved to fund affordable housing projects in the city of Mobile.
The financing will help pay for four affordable home developments in the Port City.
The sites are all part of a larger project addressing affordable housing needs.
City leaders said they are excited to get the ball rolling on these projects and to finally get the funding to put it across the finish line.
'It's exciting', the Senior Director of Neighborhood Development Jamey Roberts said.
This housing is aiming to ease the pain of finding affordable homes for low-income families.
'There's a shortage of housing, so we're trying to alleviate that some,' Roberts said. 'This is going to put a pretty good dent in it with the other projects we have.'
Providence Park will be located on Cody Road, Fred Marshall Court on Moffet Road, Maryvale Village located off of North Dauphin Island Parkway, and Hurtel Crossing which will be located on Hurtel Street in the Mayesville Community.
The $81.7 million investment will build a total of 218 new housing units.
'Maryville Place opened last year, 96 units,' Roberts said. 'We have one under construction right now. Over off of, overlook middle ring. That's 56 more units. So collectively, we're getting the unit count up.'
Construction should begin on all four housing developments early next year and should be completed in 2028.
PREVIOUS REPORTING
MOBILE, Ala. (WKRG) — The Alabama Housing Finance Authority has chosen four affordable housing developments for funding, and all of them are in Mobile.
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According to a City of Mobile news release, the move marks the first time that many city-backed projects have been awarded in a single funding cycle.
'The City of Mobile partnered with local developers on several projects that were under consideration by the AHFA, and having four of them approved in a single year is truly historic,' the release said.
The award will bring 218 new affordable housing units and a total investment of $87.1 million, including contributions from the city, federal tax credits, and state bonds through AHFA, as well as private capital from development partners, according to the release.
Developments awarded funding include:
Hurtel Crossing, 56 units, $1 million city contribution
Maryvale Village, 56 units for seniors, $1 city contribution
Fred Marshall Court, 50 units, $10.5 million city contribution
Providence Park, 56 units, $7.5 million city contribution
Except for the Providence Park development, which is receiving funding from the city's American Rescue Plan Act allocation, the city's contributions will come from Housing and Urban Development Disaster Recovery allocations given by the Alabama Department of Economic and Community Affairs, according to the release.
'This is a transformational day for Mobile,' Mobile Mayor Sandy Stimpson said. 'For years, we've been working to remove the barriers that make it hard for developers to build affordable housing in the areas of Mobile where it's needed most.'
'By contributing local resources and forging strong partnerships in the private sector, we're seeing historic levels of new investment,' he said. 'These four projects will strengthen neighborhoods, create new opportunities for Mobilians, and give more families a safe place to call home.'
According to the release, the developments are in different parts of the city and will bring affordable housing options to 'some of Mobile's most historic communities.'
'This is a monumental step forward for Mobile, and I'm incredibly proud to see this level of investment and commitment coming into our neighborhoods,' Mobile City Council President C.J. Small said. 'These projects are about restoring dignity, creating opportunity, and strengthening the foundation of our communities.
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'This kind of progress shows what's possible when we work together to put families first.'
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