A proposed landing site on the northwest corner of the State Capitol building in Montgomery, Alabama, has received $1.5 million in federal aid, the Department of Housing and Urban Development announced Tuesday.
The $1 million is part of a $842 million project to create the first of two new permanent, affordable housing developments on a 1.2-acre parcel that was designated as an economic development zone in 2011.
The second project, called The Landing, is on a 765-acre property that is adjacent to the Capitol complex.
The Montgomery Area Chamber of Commerce and the Montgomery Area Council of Governments, which also helped secure the project, have committed $1,000,000 each to support the project.
Bob Stitt (D-Montgomery) said that while the $1 billion is a large investment, the new housing would provide jobs and help Montgomeryans feel secure.
The land, which is adjacent and in the vicinity of the Capitol building, has been vacant for more than a decade, but Stitt said it would be a positive development if it is used for other purposes.
“The land is right in the heart of Montgomery,” Stitt told AL.com.
“It’s got the perfect mix of housing and economic development.”
Construction on the project began in the spring of 2018 and will take at least three years.
Stitt is expected to be in Montgomery to announce the first phase of the project in October.