Growth by NCRC, the city of Birmingham and community partners have begun construction on ShadowBrook, the largest new housing development in the city’s North Pratt area.
The project is part of a dedicated effort by Birmingham to rebuild this area, which was devastated by a tornado in 2011.
“We are pleased that ShadowBrook is the next great development opportunity with the city of Birmingham. The mayor recognizes that this long-overdue completion of the Pratt subdivision will help fill a large hole in the community that the city has been trying to address for at least the last decade,” said Ed Gorman with Growth by NCRC. “It is great working with a city that understands the value of affordable homeownership and the importance of providing homes that will be affordable, even in a rising interest rate environment, because the city and we worked together to make sure costs were contained and prices moderated.”
Birmingham Mayor Randall Woodfin added, “Fifty new homes mean 50 new families, as well as new life and energy in this area. I am committed to the growth and expansion of our neighborhoods and communities, and no one deserves this more than them.”
Growth by NCRC is an organization whose mission is to make homeownership possible for more people. It is an initiative of the National Community Reinvestment Coalition and is funded by the NCRC Housing Rehab Fund, a private equity real estate fund focused on rehabbing and new construction of single-family homes in low- and moderate-income communities or for low- and moderate-income people.