Pennrose Receives Tax Credits to Expand Stoneridge Villas Affordable Community in Huntsville, Alabama

HUNTSVILLE, Ala. — Pennrose and the Huntsville Housing Authority (HHA) have been awarded low-income housing tax credits from the Alabama Housing Finance Authority for the Phase II expansion of Stoneridge Villas in Huntsville.

The project will add 65 units to the affordable seniors housing community, bringing Stoneridge Villas to a total of 145 apartments. Five of the new units will be wheelchair accessible and two will be outfitted for residents with hearing or vision impairments. Envolve Client Services operates the community.

HHA and Pennrose previously partnered on Stoneridge Villas Phase I, which opened in September 2019. The Stoneridge Villas development builds on the city’s efforts to revitalize the West Huntsville area and create new affordable housing options for local seniors.