Paces Preservation Partners and Housing Authority of the Birmingham District announce a nearly $30 million upgrade to the multifamily rental housing community
BIRMINGHAM, AL, UNITED STATES, January 23, 2025 / EINPresswire.com / — Paces Preservation Partners, a strategic partnership between The Paces Foundation and Soho Housing Partners, and the Housing Authority of the Birmingham District (HABD) is pleased to invite media and the public to attend the kickoff of the Cooper Green Homes renovation. The event celebrates the start of renovation and rehabilitation of the 32-acre site.
WHO
Among the speakers will be:
County Commissioner Sheila Tyson, District 2
Dontrelle Young Foster, HABD President/CEO
Steven Bauhan, The Paces Foundation, Chief Development Officer
Steve Bien, Soho Housing Partners, President and CEO
WHAT:
Kickoff celebration to celebrate the start of renovation on 227 affordable apartment homes and other structures on the property.
Photo and video opportunity. Lunch provided.
WHERE:
1501 Arthur Shores Drive SW, Birmingham, AL 35211
WHEN:
Tuesday, January 28, 2025 at 11:00 am
The event is free to the public. Please go to https://pp.events/coopergreen
to register. To accommodate in-person interviews, media interested in attending are asked to email or call The Paces Foundation press contact.
The Cooper Green Homes rental community was constructed in 1971 and all units are reserved for residents who earn 60% of the area median household income or less. Paces Preservation Partners is set to begin a $29.6 million renovation and upgrade to the 32-acre community, including interiors and exteriors of its 227 units, community center/rental office, and several playgrounds. During the renovation, no tenants will be displaced or relocated off site. Financing is being provided by Synovus Bank in partnership with United Bank, Bellwether and the Housing Authority of Birmingham District.
Paces Preservation Partners is a strategic partnership between The Paces Foundation and Soho Housing Partners. The partnership works with local housing authorities to provide affordable housing.
About Soho Housing Partners
Leveraging more than 40 years of housing and capital markets experience, Soho Housing Partners, LLC was founded by Steve Bien and Kevin DiQuattro to develop, construct, and preserve multi-housing with a concentration on affordable housing developments. Soho’s significant structuring, financial, and technical expertise affords the ability to find value in even the most complex transactions and unique development opportunities.
About The Paces Foundation
Founded in 1991, The Paces Foundation is a 501(c)3 nonprofit organization that provides affordable housing and services for low-income neighbors. The housing for both seniors and families is built to green certification standards to ease utility and maintenance costs for residents and has a low impact on the environment. The foundation contributed millions of dollars to the economy via professional services and building trades and is Section 3 compliant. The Paces Foundation has owned, preserved and/or developed more than 3,000 units across the southeast, and New Jersey. Visit www.pacesfoundation.org.
About The Housing Authority of the Birmingham District
The Housing Authority of the Birmingham District (HABD) is the state’s largest provider of public housing serving 23,000 residents. Its mission is to provide the highest standard of affordable housing while fostering vibrant, inclusive communities and serving as a catalyst for opportunity. To learn more about HABD, visit www.habd.org.
Amy Sigal
The Paces Foundation
+1 678-467-0253
email us here
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