Montgomery, AL (PRWEB) November 01, 2013
The Montgomery Housing Authority (MHA) and its private-sector partner, The Michaels Development Company (MDC), are hosting an open house at The Plaza at Centennial Hill on Wed., Nov. 6, for city, state, and federal officials as well as members of the community and the media. The event will showcase the progress made to date on MHA’s new affordable housing development, which has already welcomed its first residents. Community partners, current, and former residents of the Victor Tulane Court public housing community have been invited to join the celebration.
Wednesday, Nov. 6, 11:30 a.m. to 2:00 p.m.
The Community Center at The Plaza at Centennial Hill, 550 Percy Drive (formerly Smythe Curve), Montgomery, Alabama.
The construction of The Plaza at Centennial Hill, a $22.7 million housing development in the historic neighborhood of Centennial Hills, is nearing completion and has begun welcoming new residents. Considered a key catalyst for the rejuvenation of this important neighborhood, the brand new, 129-unit, mixed-income affordable housing community is located on the site of the former Victor Tulane Court Public Housing development. This is MHA’s first public-private venture, leveraging city, state and federal funding. Featuring both apartment flats and townhouses, in two and three bedroom layouts, The Plaza at Centennial Hill also boasts a new community center, where supportive services will be offered to Plaza residents and to the community at large. Funding for the development came from City of Montgomery and housing authority funds, as well as from equity raised through the sale of federal Low Income Housing Tax Credits. The new community is being managed by Interstate Realty Management, which will ensure it remains a community asset well into the future.
About MHA: The Montgomery Housing Authority (MHA) is the largest provider of quality, affordable housing in Montgomery County, Alabama, serving over 4,000 families through its public housing and housing choice voucher programs. Founded in 1939, MHA has attained a reputation for innovation, positioning itself by developing one of the most attractive affordable housing communities in the region. As a leader of affordable housing, MHA strives to also provide one of the most comprehensive resident services programs available. With programs in home ownership, self-sufficiency, education, youth and senior services, MHA is committed to using housing as a platform to help move families towards greater self-reliance and an improved quality of life. The next few years will usher in the expansion of more redevelopment opportunities at various public housing communities. As MHA looks to the future with plans to improve its public housing stock and to assist families become independent, it changed its mission statement to better reflect its goals and aspirations. The new mission of the MHA is: “To create affordable, sustainable housing while improving the quality of life for families and encouraging independence.”
About The Michaels Organization: Michaels Development Company (MDC) and Interstate Realty Management are both independent operating companies of The Michaels Organization, a family of companies dedicated to excellence in affordable, mixed-income, military, and student housing. Serving more than 100,000 residents in 360 communities across 34 states, the District of Columbia, and the U.S. Virgin Islands and with a development portfolio valued in excess of $3 billion, The Michaels Organization is a national leader in the residential real estate industry, with full service capabilities in development, property and asset management, construction, mortgage finance, and tax credit syndication.