The Mobile Housing Board on Wednesday selected three developers for a project to transform three current housing developments.

The board selected Hollyhand Development; out of Northport, Columbia Residential; out of Atlanta and Pennrose Properties Global Development Group to help with the project to redevelop 330 acres where R.V. Taylor Plaza, Thomas James Place and Frank W. Boykin tower currently sit.

The $750 million development will be a mixed-use, mixed-income community consisting of 3,000 to 4,000 low-income housing units, market-rate housing units and commercial retail facilities, Program Manager James Brooks, president of the Boulevard Group said.

Brooks said it would take three to six months to develop a master plan for the property. During the meeting, he said the developers would be responsible for raising most of the financing needed for the project. The project is expected to take several years.

Mobile Housing Board Executive Director Dwayne Vaughn said it was too early to tell how much of the funding the board would be responsible for. The board will have to pay relocation costs to residents of the communities affected by the project. He said those residents would be notified within 90 days of the move. Those notifications haven’t gone out yet, he said.

The residents forced to move because of the project will have an opportunity to move back, after the work is completed, Brooks said. Vaughn said in other places around the country, these mixed-income communities have about a third of the units reserved for low-income residents. Those three low-income communities currently consist of 1,300 units.

MHB has some of the oldest housing stock in Alabama. Brought into service in January
1943, Thomas James Place is one of four MHB housing developments that have been
in use for more than 70 years. Homes in Thomas James were originally
constructed to provide temporary housing for military personnel stationed at Brookley
Field during World War II.

Boykin Tower was opened in September 1983 to serve senior citizens exclusively, and
R.V. Taylor opened in November 1967 as a multi-family affordable housing
development.