Phase One Ribbon-Cutting, Phase Two Groundbreaking at the Villas at Titusville
The City of Birmingham last week celebrated the opening of phase one of the new $79.6 million Villas at Titusville housing community and the groundbreaking of phase two, slated for completion in 2020.
BBVA partnered with the Housing Authority of the Birmingham District (HABD), Hollyhand Development, the City of Birmingham and the Alabama Housing Finance Authority to redevelop the property.
Smith: It is our goal to create opportunities for all people, and there is no finer way for us to do this than to invest in building up the Birmingham community...
"Leveraging our ability to come alongside Hollyhand Development and the Housing Authority of Birmingham District and invest in the Titusville community is an honor and fully aligned with our purpose as a global financial institution focused on doing good in our communities," said BBVA USA Birmingham Market CEO Andrea Smith. "It is our goal to create opportunities for all people, and there is no finer way for us to do this than to invest in building up the Birmingham community through our investment in both phases of the Villas at Titusville."
The ribbon-cutting marked the completion of the first phase and involved 100 units. There will be 164 units, a mix of one-, two- and three-bedroom apartments.
In mid-November, the City of Birmingham, along with BBVA and contributing organizations, celebrated the opening of phase one of the new $79.6 million Villas at Titusville housing community and the groundbreaking of phase two. - Image courtesy of AL.com
The Villas at Titusville will also have two community centers, an early childhood development center, playgrounds and green space. Through its partnership with HAPBD, BBVA will also provide personal finance and homeownership workshops to the residents through BBVA’s Center for Financial Education. Residents can also participate in the Family Self-Sufficiency Program, which helps residents move out of public housing through better jobs, higher education and helping them become homeowners.
Smith: BBVA is passionate about elevating and revitalizing the communities we call home.
“BBVA is passionate about elevating and revitalizing the communities we call home,” said Smith. “We will continue to demonstrate that commitment through projects like phase two of the Villas at Titusville and other community development initiatives funded through our $15 billion commitment announced in late October.”
The second phase of construction begins in 2020.