City to expand affordable housing in northwest Huntsville
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The Huntsville City Council approved an agreement with Family Services Center to turn an empty lot on Olson Street into an affordable home for a local family.
Family Services Center Inc. is a certified Community Housing Development Organization (CHDO).
More on this new agreement
The agreement allows the nonprofit to use $238,750 in federal HOME Investment Partnerships funds from the U.S. Department of Housing and Urban Development (HUD) to construct an affordable home at 6204 Olson St. NW.
The project aligns with the City’s ongoing efforts to expand homeownership opportunities for low- and moderate-income families and support neighborhood revitalization in northwest Huntsville.
Under terms of the agreement, Family Services Center will oversee all aspects of the project, including land acquisition, construction and the eventual sale of the completed three-bedroom home to an income-qualified household.
The property must remain within federal affordability standards for a minimum period of 15 years, as required by federal guidelines. It will be subject to ongoing monitoring by the City’s Community Development Department.
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