Mobile, Ala. — The Alabama Housing Finance Authority (AHFA) has selected for award four affordable housing developments in Mobile, marking the first time in the state’s history that this 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. Today’s announcement will help bring 218 new affordable housing units to Mobile and more than $81.7 million in total investment.
These projects also represent a significant milestone in Mayor Sandy Stimpson’s ongoing efforts to expand access to quality, affordable housing in some of Mobile’s oldest neighborhoods…