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WIRE News through 3/6 Volume 9, Issue 59

WIRE Compliments of ACRE Alabama Cabinet 
For more information, contact Grayson Glaze gglaze@culverhouse.ua.edu
ACRE Alabama Cabinet News
AAHA Accepting Applications for 2021 Resident Scholarships  
CBRE Strengthens DE&I Efforts with Addition of Two Seasoned Professionals  
Regions Named a Leader in Diversity by Birmingham Business Journal  
Bradley Partner Nick Danella Quoted in Law360 on Unaddressed Split on FCA Objectivity  
Alabama Power hailed as national model for innovative broadband partnerships, expansion efforts  
ACRE COVID-19 COVERAGE
View all ACRE COVID-19 coverage on exploRE 
Landlords eager for Covid-era revamps are finding hungry investors (s)
 ACRE Podcast Real Estate Matters
 
Alabama & The United States
$135M State Office Project Reaches Milestone in Austin
Varden Capital JV to Break Ground on Atlanta MOB
Ivey announces $4.93M in local Rebuild Alabama projects
69,000 acres of Alabama timberland sells for $149 million
Noodles and Company pasta franchise looks to expand across Alabama
Alabama among top states for economic development in 2020 ranking
North Alabama - Huntsville, Florence, Gadsden, Muscle Shoals, Cullman
Priceville Hosts Groundbreaking for New Event Center (s)
Madison County real estate industry remains strong
Wells Fargo, Neighborhood Concepts Help Make Small Business Ownership a Reality
Madison County Service Center Opens (s)
North Central - Birmingham-Hoover, Anniston, Walker County
UAB Plans $5M Project for New Child Development Center (s)
Two new stores coming to Birmingham’s The Summit
Taco Mama opens in Vestavia Hills (s)
DRC approves Harbert Realty multifamily project in Lakeview (s)
Taziki's plans new location in metro Birmingham (s)
PS Logistics Continues Expansion (s)
South Central - Montgomery, Auburn, Lake Martin, Phenix City
Three Sixty Expands Again with Addition of Vacation Rental Company 360 Destinations at Lake Martin
New department store opening in Auburn Mall
Ocean Bio-Chem to expand into 69,000 square feet of space in Montgomery Alabama.
Report: Montgomery has highest business confidence rating in the state
North Carolina-based coffee shop headed to Auburn
West Alabama - Tuscaloosa
Red Rhino Celebrates 14 Years, New Acquisition
Hooligan's relocates from its original University Boulevard location
IMS Management Ranks Among the Top 100 Student Housing Properties in the Nation by Online Reputation
Tuscaloosa-area home sales increase 31% year-over-year in January
Wiregrass - Dothan, Enterprise, Troy, Andalusia
Houston County to assist city with new development project (s)
Gulf Coast - Mobile, Baldwin County, Gulf Shores
Ren Seafoods plans processing facility, distribution hub in Mobile
Spanish Fort changes zoning code to allow for Amazon distribution center proposal
Baldwin residents take county commission to court over zoning dispute
Wave park on the horizon
Education & Networking Opportunities

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Alabama Housing Finance Authority (AHFA), created in 1980 by the Alabama Legislature, is dedicated to serving the housing needs of Alabama and offers a number of affordable housing programs for homebuyers and renters.

As a longtime proponent of making homeownership a reality for low- and moderate income Alabamians, AHFA offers Step Up, a successful program featuring affordable interest rates and entry cost assistance on 30-year, fixed-rate mortgage loans.  New home buyers may also take advantage of the Mortgage Credit Certificate which qualifies them for valuable federal income tax reductions.  And unemployed or underemployed Alabama homeowners may also take advantage of Hardest Hit Alabama, a federal government initiative administered by AHFA which is designed to prevent foreclosures.

Recognizing that a large portion of Alabama households may be more suited to rental housing, AHFA offers tried and tested multifamily programs as well.  As administrator of the State’s HOME (HUD) and Housing Credit (Treasury) programs, AHFA has long provided financing incentives to the development community who have, in turn, built or rehabilitated tens of thousands of affordable rental units.  Multifamily bonds also remain a viable source of development funding through AHFA.

A major initiative for AHFA over the last decade has been the creation and growth of its mortgage servicing business, now known as ServiSolutions®. In addition to servicing all homeownership program loans in-house, AHFA now services loans for many Alabama community banks as well as the housing finance agencies in the State of Washington, Missouri and North Carolina.

 
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ACRE Founding Partners
ACRE's core purpose is to advance the real estate industry in Alabama by providing relevant resources in the areas of research, education and outreach.
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Disclaimer: Some news websites have a limited number of articles the reader can access before being asked to purchase a subscription. Some of these websites routinely show up in the WiRE product. These articles are denoted with an (S). ACRE does not control access to individual stories on news websites. We apologize for any inconvenience. 
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