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MOBILE, Ala. (WKRG) — The City of Mobile has received the area’s first Workforce Housing Tax Credit from Alabama for a new mixed-income housing development.
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According to a city news release, the development, to be named Anchor Place, will be a three-story, 70-unit apartment complex located on Dempotropolis Road. It will cost $26 million.
The release said this workforce housing will fill the gap between traditional subsidized housing and market-rate units.
“Expanding access to quality, attainable housing is one of the most important things we can do to support economic growth and development,” said Mayor Spiro Cheriogotis. “People want to live near their jobs, and they want to live in homes that are safe, well-built, and affordable. Projects like Anchor Place help make that possible for more of our local families and workers.”…