The Plaza is the first step in changing the face of affordable housing in the City. We are proud to lead the development of this historic neighborhood and the quality of life of its future residents.
Montgomery, AL (PRWEB) May 15, 2012
Redefining the future of one of the city’s most historic neighborhoods, the Montgomery Housing Authority (MHA) today joined with Mayor Todd Strange and HUD Director Michael German of the Alabama Field Office, to break ground on The Plaza at Centennial Hill, a $22.7 million revitalization effort that will serve as the catalyst for the rejuvenation of the heart of Centennial Hill. The 129-unit, mixed-income affordable housing community will replace the demolished Victor Tulane Court Public Housing development and is MHA’s first public-private venture, leveraging City, State and federal funding.
“The Plaza is the first step in changing the face of affordable housing in the City. We are proud to lead the development of this historic neighborhood and the quality of life of its future residents,” said Evette Hester, Executive Director of the MHA.
Donning hard hats and with shovels in hand, officials stood side by side with residents in the neighborhood that was once synonymous with the Civil Rights Movement and Dr. Martin Luther King, Jr. Funding for the development, which marks a new beginning for this historic and important downtown neighborhood, came from City of Montgomery and housing authority funds, as well as equity raised through the sale of federal Low Income Housing Tax Credits. Featuring both apartment flats and townhouses in two and three bedroom layouts, The Plaza at Centennial Hill will also include a community center where supportive services will be offered to Plaza residents as well as the community at large.
MHA selected The Michaels Development Company, which is the nation’s number one, privately held affordable housing developer, as its private sector partner for The Plaza at Centennial Hill. Professional property management will be offered by Michaels’ sister company, Interstate Realty Management, ensuring that the community remains a quality asset to the neighborhood for years to come.
“We at the City of Montgomery are proud of the collaborative effort between the private sector and multiple public agencies to breathe new life into an area that has seen its better days,” said Montgomery Mayor Todd Strange. “This groundbreaking marks a new day for the Centennial Hill and Adams Avenue area of Montgomery.”
The construction, which is scheduled to be completed by June 2013, is expected to generate many good jobs for local residents. The Michaels Development Company and the Montgomery Housing Authority selected a local company, Stallings and Sons, to serve as The General Contractor. Other partners include a local architect, W. Barry Robinson who is working with the Architect of Record, Torti Gallas and Partners, and Flower and White Engineering, which is providing civil engineering services.
“The Plaza is the foundation on which many families will build and strengthen prosperous lives. This development respects the expanded needs of housing communities to ensure that we thrive together for years to come,” said John F. Knight Jr., Chairman of the Montgomery Housing Authority Board of Commissioners.
About The Montgomery Housing Authority: Since its creation in 1937, MHA has demonstrated expertise and capability in managing its public housing and assisted programs. Through partnerships with community organizations, agencies and local governments, MHA provides housing and homeownership opportunities for low and moderate income persons and families. It takes a leadership role in providing programs and resources for residents that promote and encourage self-sufficiency, self-esteem and self-determination. The mission of MHA is to “be the leader in making available excellent, affordable housing for low and moderate-income persons through effective management and the wise stewardship of public funds.”
About The Michaels Organization: Headquartered in Marlton, NJ, The Michaels Organization is a family of eight integrated but independent companies dedicated to excellence in affordable, mixed-income, military housing, and student housing. Michaels Development Company is the number one privately held affordable housing developer in the country and in 2010 was named the Multifamily Development Firm of the Year by the National Association of Home Builders. Interstate Realty Management is an award-winning property and asset management company offering nationally acclaimed social services. The Michaels Organization currently owns more than 44,000 units and manages more than 39,000 units in 32 states, the District of Columbia, and the U.S. Virgin Islands.