Affordable housing development for seniors expands in Huntsville
Sixty-five more rental units have been added to the Stoneridge Villas development in Huntsville on Balch Road.
Developer Pennrose, the Huntsville Housing Authority, BLOC Global Development Group and other project partners held a grand opening for the units at 1700 Balch Road on Tuesday.
With the completion of the second and final phase, Stoneridge Villas includes 145 units of affordable apartments for seniors on the 21.7-acre site.
“We are honored to celebrate the completion of Stoneridge Villas alongside Huntsville Housing Authority, delivering a contemporary, independent living community for low-income seniors to age in place comfortably,” said Amon Martin, regional vice president at Pennrose in a news release. “In addition to spacious units, Stoneridge Villas will offer robust on-site supportive services to encourage physical activity, resident socialization, and healthy lifestyles.”
Stoneridge Villas Phase II includes a mix of one and two-bedroom units for seniors in cottage-style buildings. All 65 units will be fully adaptable, with five apartments wheelchair-accessible and two outfitted for residents with hearing or vision impairments.
The project is a 100% LIHTC (low-income housing tax credits) property, according to the release, with all units available to seniors with incomes at or below 60% of the area median Income, roughly $41,220 for a one-person household in Huntsville.