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Press Release

Media Advisory: Montgomery Housing Authority, The Michaels Organization to Break Ground on The Plaza at Centennial Hill May 15

>PRWEB.COM Newswire

Montgomery, AL (PRWEB) May 11, 2012

WHAT: City leaders, including Montgomery Mayor Todd Strange, Councilman Tracy Larkin, and John F. Knight Jr., Chairman of the Montgomery Housing Authority Board of Commissioners, will join executives from The Montgomery Housing Authority and The Michaels Organization as well as officials from the U.S. Department of Housing and Urban Development for a ceremonial groundbreaking to mark the start of a new affordable housing community on the former site of the Victor Tulane Court public housing complex, located in the heart of one of Montgomery’s most important and historic downtown neighborhoods.

WHEN: Tuesday, May 15, 11:00 a.m.

WHERE: 550 Smythe Curve, Montgomery

DETAILS: The Montgomery Housing Authority and its private sector partner, The Michaels Development Company, will host a ceremonial groundbreaking ceremony for The Plaza at Centennial Hill, a new affordable housing community for families that replaces outdated and obsolete public housing on the former site of Victor Tulane Courts. The new 129-unit community will offer two- and three-bedroom units for income-eligible families earning less than 60 percent of Area Median Income (AMI). Funding for the $22.7 million development includes city and housing authority funds as well as money raised through the sale of tax-exempt bonds issued by the Alabama Housing Finance Agency and equity raised through the sale of federal Low Income Housing Tax Credits. Local partners on the project include Stallings and Sons, Inc., which is serving as the General Contractor, Architect W. Barry Robinson, and civil engineering services provided by Flower and White Engineering.

About MHA: The Montgomery Housing Authority is the largest provider of affordable housing in the counties of Montgomery, Elmore and Autauga. It currently serves over 4,000 families and contributes approximately $2.5 million monthly to local landlords and vendors. Through its partnerships with community stakeholders and local governments, the Montgomery Housing Authority provides supportive service programs and safety initiatives to promote and encourage self-sufficiency and the quality of life for resident families. In December 2011, it completed its renovation of “The Terrace,” a high rise energy efficient and accessible senior community located in Montgomery, Alabama.

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 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. 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.

Read the full story at http://www.prweb.com/releases/2012/5/prweb9492972.htm

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