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City celebrates ribbon cutting of affordable housing complex

Posted by Dale Liesch | Aug 27, 2014 | News | 3 |

Mayor Sandy Stimpson and members of his administration were present at a ribbon cutting for an affordable housing complex Wednesday morning.

The city previously loaned developers $850,000 in money from U.S. Department of Housing and Urban Development to be used for construction and financing of the development called Greystone Place Apartments.

In addition, the project used $1.3 million from the Alabama Housing Finance Authority and about $600,000 in tax credits from the state, Senior Community and Housing Director Nigel Roberts. Projects costs totaled $8.3 million.

“I like to call this workforce housing,” Roberts said, following the ribbon cutting ceremony. “It’s a safe, affordable place to raise kids and grow into home ownership.”
All units in the development serve households at or below 60 percent of the area median income and will remain affordable for 20 years.

The complex opened in May and all of its 56 units are full and there is currently a wait list, said Lee Butler, with Greer Investments. He added that residents go through an application process, as well as credit and background checks. Butler said the property is managed through Greer Development Company.

Roberts said the city would continue to monitor the complex to make sure it continues to meet those income guidelines.

The complex comes with one, two and three-bedroom units and boasts amenities, like a community room, exercise room, playground and a splash pad, according to a statement from Stimpson’s office.

“The completion of Greystone Place Apartments beings Mobile another step closer to being the safest, most business and family-friendly city in America,” Stimpson said. “It is located in close proximity to numerous community amenities and it is a great example of the City leveraging its resources with private sector participation to provide this needed affordable housing. By fostering these partnerships, the city hopes to continue to improve quality housing options for all Mobilians.”

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About The Author

Dale Liesch

Dale Liesch

Dale Liesch has been a reporter at Lagniappe since February 2014. He covers all aspects of the city of Mobile, including the mayor, City Council, the Mobile Housing Board of Commissioners, GulfQuest National Maritime Museum of the Gulf of Mexico and others. He studied journalism at The University of Alabama and graduated in 2007. He came to Lagniappe, after several years in the newspaper industry. He achieved the position of news editor at The Alexander City Outlook before moving to Virginia and then subsequently moving back a few years later. He has a number of Alabama and Virginia Press association awards to his name. He grew up in the wilderness of Baldwin County, among several different varieties of animals including: dogs, cats, ducks, chickens, a horse and an angry goat. He now lives in the Oakleigh neighborhood of Mobile with his wife, Hillary, and daughter, Joan. The family currently has no goats, angry or otherwise, but is ruled by the whims of two very energetic dogs.

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