A 72-unit townhome development just off Interstate 20 in Pell City is expected to be completed by Oct. 1. Construction on Jubilee began in November and represents an investment of $11 million on the 14-acre tract.
The development features 48 3-bedroom, 2.5-bath townhouses with 1,440 square feet of living space and attached garages. Twenty four flat units offer 1,516 square feet of living space and attached garages.
A community building will house a leasing office, tentatively scheduled for completion Aug. 1, where prospective applicants may obtain applications. It also features a laundry, computer center and fitness center.
Funding for the project is provided by Low Income Housing Tax Credits through the Alabama Housing Finance Authority, equity from Enterprise Community Investment Services of Columbia, MD, and construction and permanent financing from Troy Bank & Trust in Troy.
Architect is Barrett-Simpson Inc. of Opelika, and the nonprofit partner on the project is Organized Community Action Program Inc., also of Troy.
Van Dyke & Company, LLC is co-general partner and developer. Carter & Carter Construction Inc. of Auburn is general contractor.
Hollyhand Companies Inc. of Northport will manage the units and will handle inquiries about applications if the Aug. 1 target date for opening the leasing office is not met. Contact number is 205-366-3667.
