City of Huntsville approves project to support affordable housing

Published on April 11, 2024

The facility will be constructed on Venona Avenue, on land owned by Neighborhood Concepts Inc. Neighborhood Concepts will leverage the City’s commitment of $2,300,376 in HOME Investment Partnerships ARP funding to apply for $12.8 million in State ARP funding through the Alabama Housing Finance Authority.

The development, to be known as New Stone Commons Apartments, will provide affordable housing for homeless, formerly homeless and those fleeing domestic violence. Supportive services will be available to residents, and the building’s design will include individual and group meeting rooms for case management assistance.

“We are excited to be moving forward on this development that will benefit our most vulnerable communities,” Director of Community Development Scott Erwin said. “In addition to the homes, the services available to residents are a crucial part of this project.”

The development property will be owned by New Stone Commons, a to-be-formed limited liability company. Neighborhood Concepts and New Futures, both Huntsville non-profit organizations, will serve as members of the LLC.

Completion of New Stone Commons Apartments is expected by December 2025.