Birmingham, ALBham Now

Birmingham signs $25M deal to build affordable homes in historic Ensley neighborhood

At a ribbon-cutting today, the City of Birmingham will celebrate inking a $25 million development deal to build affordable homes at Bellview Heights in the Ensley Community. Called the Oak Hill project, the new homes will be located near 51st Street Ensley and Avenue K. The partnership between the city and NCRC Housing Rehab Fund, LLC (NCRC HRF), known as GROWTH by NCRC will feature:
Picture for Birmingham signs $25M deal to build affordable homes in historic Ensley neighborhood
Alabama StatePosted by
Birmingham Business Journal

National nonprofit commits $20 billion to help Alabama homebuyers

The largest Housing and Urban Development-certified nonprofit is committing $20 billion to help Alabama homebuyers. Neighborhood Assistance Corporation of America (NACA) and Bank of America have extended their affordable homeownership program through May 2027. The house counseling and community advocacy group’s program offers mortgages to predominantly minority low-to-moderate income homebuyers.
Picture for National nonprofit commits $20 billion to help Alabama homebuyers
Birmingham, ALPosted by
AL.com

Restoration begins on Birmingham Building Trades Towers

A 50-year-old residential apartment building near Five Points South is getting a $40 million renovation. Birmingham Building Trades Towers is being converted into studio and one-bedroom apartments. Restoration Capital Partners is the owner of the 12-story building. LMS Real Estate Investment Management is providing construction management and property management services...
Picture for Restoration begins on Birmingham Building Trades Towers
RELATED LOCATIONS
Shelby County, ALShelby Reporter

Local homes recognized among 2021 Parade of Homes

A number of Shelby County homes are featured in the Greater Birmingham Association of Home Builders (GBAHB) 2021 Parade of Homes, which kicked off this past weekend. Earlier in the week, the Parade homes were judged and received recognition. Fifteen homes were designated with Gold or Silver and included the...
Birmingham, ALABC 33/40 News

FHA aims to make it easier for student loan borrowers to get a mortgage

BIRMINGHAM, Ala. — The Federal Housing Administration (FHA) announced a policy shift designed to make securing a mortgage easier for people with student loans. The FHA will change student loan calculations to factor a student loan borrower's actual monthly payment. The agency had previously assumed the borrower's monthly payment would equal 1% of their total dept. This new policy is designed to make securing a mortgage easier for student loan borrowers, an increasing group of young Americans. Student loan debt has ballooned to $1.7 trillion nationwide.
IN CARDIFF
Birmingham, ALPosted by
Bankrate

Best cheap homeowners insurance in Birmingham

Finding affordable homeowners’ insurance is a top concern for many Birmingham families. As recently as June 21, 2021, Alabama has two active natural disaster declarations through FEMA. With so many severe storms, hurricanes, tornadoes and wildfires that occur regularly in the state, it is important to have the right coverage in place to help mitigate against financial turmoil in the event your property becomes damaged.
Alabama StatePosted by
24/7 Wall St.

Home Values are Surging in Birmingham, Alabama

In the early months of the COVID-19 pandemic, U.S. home sales slumped. Since then, however, the market has come roaring back — and rising demand, in conjunction with a relatively low supply of housing, has caused home values to surge. According to estimates from Zillow, a Seattle-based real estate data company, between May 2020 and […]
Jasper, ALPosted by
Jasper News Alert

Take a look at these homes for sale in Jasper

Whether you’re looking for a new home on acreage or a fixer-upper close to amenities, you can probably find a listing here to suit you: Jasper: 3 bed 1.5 bath home located close to downtown and all amenities! Kitchen and bathroom updates!<p><strong>For open house information, contact Laura Owen, White
Homewood, ALPosted by
AL.com

Owners of Homewood’s ‘Pink House’ suing city as they pursue restoration

The owners of a piece of Homewood history are suing the city in hopes of realizing their plans to restore the property. Clayton and Rachel Mobley, who bought Homewood’s “Pink House” at the corner of Edgewood Boulevard and Roseland Drive last year, filed suit against the city Thursday, seeking to appeal the rejection of two property variances which they say would allow them to restore the home and live on the property.