Oak Hill subdivision: Difference between revisions

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Revision as of 21:33, 25 January 2022

This article is about the planned 28-home development project in Belview Heights. For other uses, see Oak Hill (disambiguation).

The Oak Hill project is a planned development of 28 new detached houses just north of the Vinesville section of the Belview Heights neighborhood in Ensley, centered on the intersection of Avenue K and 51st Street Ensley, near Brown Elementary School.

The project was developed with the support of the Washington D.C.-based National Community Reinvestment Coalition's Housing Rehab Fund, with the intention of helping Black households build wealth through home equity. The homes range in size from 1,277 to 1,350 square feet, and are planned to be sold for $170,000 to $200,000. Buyers can qualify for down payment assistance.

The program, funded initially at $25 million, is expected to continue over four years with as many as 200 homes to eventually be constructed on city-owned or land-banked properties in several neighborhoods.

Ground was broken for the new homes at Oak Hill in June 2021. Developers worked with the Birmingham Construction Industry Authority to provide opportunities for historically-disadvantaged businesses to participate. The first new owners were expected to close by the end of the year.

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