Pennrose Celebrates Grand Opening of Stoneridge Villas Phase 1 in Huntsville, Alabama

October 15th, 2019

Pennrose, BLOC Global Development Group (BLOC), the City of Huntsville and the Huntsville Housing Authority (HHA) celebrated the grand opening of Stoneridge Villas Phase 1.. Located at 1700 Balch Road, the first of the two-phase initiative delivers 80 units of affordable rental housing for seniors..

Speakers at the event included: Tommy Battle, Mayor, City of Huntsville; Quisha Riche, Director of Real Estate Development, Huntsville Housing Authority; Will Culver, Representative of District 5, Huntsville City Council; Kenneth E.. Free, Alabama Field Office Director, U.S.. Dept.. of Housing and Urban Development; Gene Gant, Multi-Family Generalist, AHFA; Judith Dipoala, current resident of Stoneridge Villas; and Mark Straub, Regional Vice President, Pennrose.

Situated on 10.9-acres of the 21.7-acre site, Stoneridge Villas Phase 1 features cottage-style apartments, with 32 1-bedroom and 48 2-bedroom units.. The apartments are affordable to households at 60% of the Area Median Income (AMI).

"We're thrilled to have a Grand Opening for the Stoneridge Villas redevelopment in Huntsville, an area that has lacked new housing investment for decades," said Mark Straub, Regional Vice President at Pennrose.. "This location is an excellent site for seniors, and we have every confidence Stoneridge Villas will serve as a catalyst for greater growth and redevelopment in the neighborhood."

Read the full article here.