Valley Brook Apartments


Property Type: Project Based Section 8 Family

Under renovation and rehabilitation to be completed 2018

Valley Brook Apartments is a collection of sixteen multi-family, two-story buildings on 21 acres located in northeast suburban Birmingham and easily accessible to Center Point Parkway (Highway 75).

Property Features

Valley Brook has a mix of one-, two- and three-bedroom apartment homes. Each unit is being refurbished with upgraded energy efficient lighting fixtures and water saving fixtures. Kitchens are receiving new cabinets, countertops, Energy Star appliances including a vent hood/microwave. Bathrooms are receiving new vanities, tub surrounds and fixtures. Full ADA conversions also will be completed on 12 units in the apartment complex.

Renovations

Valley Brook is receiving over $47,000 per unit in hard cost rehabilitation. The renovation scope encompasses extensive exterior and interior work. There will be a new community center with computer lab and central laundry facilities for residents, as well as a new centrally located playground. Vinyl siding throughout the complex was replaced with durable siding systems and all buildings received new roofs. The complex is also receiving life-safety upgrades for resident safety including hard wired smoke and carbon monoxide detectors, a new key fob controlled vehicular access gate with security guard shack, security patrols by the Birmingham Police Department, new security camera system and improved lighting throughout the complex.

Financial Partners

Alabama Housing Finance Authority, HUD, PNC Bank and R4 Capital

Property Stats

Units: 240 in 16 buildings

Age: 1972 with renovations in 1995; Steele renovations in 2018