Development Spotlight: Charleston Square, Troy

August 30, 2024

AHFA Multifamily Administrator David Young participated in the ribbon-cutting for the newly renovated Charleston Square Apartments in Troy on August 23, 2024. Also on hand were state Senator Josh Carnley and Representative Marcus Paramore, as well as Community Action Partnership of North Alabama Director of Real Estate Aron Boldog, developer Fred Bennett of The Bennett Group, residents, staff and more. AHFA’s allocations of $603,000 in Housing Credits and $970,000 previously restructured HOME Loan funds are increasing the development’s safety and energy efficiency, with concrete sidewalks, new windows, upgraded LED lighting, Energy Star appliances, and other improvements to conserve energy and reduce utility costs for 44 households.