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Council Backs $1.3 Million HOME Commitment to Support Princeton Village Tax‑Credit Application
Summary
The council authorized a firm commitment of up to $1.3 million in HUD HOME funds to Princeton Village LTD for up to 96 affordable housing units in the West End to support the developer's Alabama Housing Finance Authority tax‑credit application; the measure passed with one abstention.
The Birmingham City Council approved a resolution committing up to $1,300,000 in the city's HOME Investment Partnership funds to Princeton Village LTD to support development of up to 96 affordable housing units in the West End and to bolster the project's application to the Alabama Housing Finance Authority for low‑income housing tax credits.
City staff…
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