HUNTSVILLE, Ala. — Huntsville is moving ahead with a $22 million plan to transform the aging Huntsville Summit Apartments into Meridian Commons, a modern housing community for seniors and residents with disabilities. The redevelopment aims to provide 100 affordable rental units while revitalizing a key downtown property.
Community Development will contribute $4.73 million in federal Emergency Rental Assistance 2 (ERA2) funds toward the project, which will leverage more than $17 million in additional investment. Located at 111 Walker Avenue NE, the redevelopment is also supported by $14.4 million in favorable financing from Redstone Federal Credit Union. City officials said the financial commitment was critical to making the project feasible and ensuring it could move forward.
Led by local nonprofit Neighborhood Concepts, the project will include acquisition, demolition, and new construction to transform the property into updated, accessible housing. Meridian Commons will serve residents ages 62 and older, or those with disabilities, offering a safe, modern, and affordable option in downtown Huntsville…