Media Advisory: Mayor Woodfin to Present Keys to First Homeowners
MEDIA ADVISORY FOR IMMEDIATE RELEASE: March 14, 2022
Media Contact: Michaela Smith
Phone Number: (205) 537-1100
Mayor Woodfin to Present Keys to First Homeowners in Historic Birmingham Neighborhood
BIRMINGHAM, AL (March 10, 2022) – The first homeowners will receive keys to their new homes from Mayor Randall Woodfin March 17, 2022 at a ribbon cutting ceremony celebrating homeownership and the revitalization of the Ensley community. These will be the first closings under the $25 million partnership between the City of Birmingham and The NCRC Housing Rehab Fund, LLC (NCRC HRF), known as GROWTH by NCRC.
The speed and scale at which the project is progressing combined with the ability to leverage banking relationships to create a variety of special financing programs are of national significance in helping to solve the affordable homeownership crisis and reducing the racial wealth and homeownership gaps.
The community broke ground in June 2021 with vertical construction starting in October 2021. Several homes are already under contract with the first six closings scheduled to take place in March/April 2022.
WHO: GROWTH by NCRC and The City of Birmingham
WHAT: Ribbon Cutting Event at the Oak Hill Project
WHERE: Corner of 51 Street and Court J
WHEN: Thursday, March 17, 2022, at 9:30 AM
Full article here.
About GROWTH by NCRC
GROWTH is an initiative of the National Community Reinvestment Coalition (NCRC) and is fueled by the NCRC Housing Rehab Fund (the “Fund”), a private equity real estate fund focused on rehabbing (and building new construction) single-family houses to provide affordable homeownership opportunities in low- and moderate-income communities or for low- and moderate-income people. The Fund has been operating for five years and is operating in nineteen cities.
About the City of Birmingham
For more information about Birmingham Community Development, please contact Christopher Hatcher at email@example.com, (205) 254-2309 or visit www.birminghamal.gov/communitydevelopment.