Economic Development
2024 Development Review spotlights Huntsville’s growth and development
January 29, 2025
Huntsville’s housing inventory experienced record growth in 2024 amid a surge of multi-family complexes opening. While housing construction is not expected to keep that same frenetic pace in 2024, indicators suggest it will remain at above average rates, according to a study from the City’s Long-Range Planning Division. The 2024 Huntsville Development Review revealed that single-family home construction along with commercial activity is growing throughout the City. The City’s population also [more]
Read MoreCity awards grant funds to eight local organizations
January 23, 2025
Eight local organizations will soon receive grant funds from the City of Huntsville through a program with the U.S. Department of Housing and Urban Development (HUD). At its January 23 meeting, City Council authorized the City’s Community Development Office to distribute Community Development Block Grant (CDBG) funds to the following organizations: Alabama Non-Violent Offenders Organization – $15,000 Funds will be used for the operating costs and administrative salaries of personnel overseeing the Non-Violent [more]
Read MoreHuntsville to study bus rapid transit corridor along University Drive
December 19, 2024
The City formally accepted federal grant money at Thursday’s Council meeting to spur a transit-oriented development planning study focusing on three clusters along University Drive. The Federal Transit Authority, part of the U.S. Department of Transportation, awarded an $850,000 pilot program grant to the City to fund the University Drive corridor study. The study will analyze three key population nodes along University Drive: the area in and around the Northwoods community, the [more]
Read MoreGlobal ophthalmic pharmaceutical and medical technology company, Glaukos, to locate multimillion-dollar facility in Cummings Research Park
December 19, 2024
The City of Huntsville approved a development agreement with Glaukos Corporation to build a multimillion-dollar research, development and manufacturing facility in Cummings Research Park (CRP). The multi-year project carries an $82 million capital expenditure and will bring 154 full-time jobs to the region by 2030. The facility will be built on 25 acres at the corner of Mark Smith Drive and Explorer Boulevard, at the north end of HudsonAlpha Institute [more]
Read MoreCity supports affordable senior housing with HOME funds commitment
December 19, 2024
The City will allocate $889,000 in federal HOME Investment Partnerships Program funds to support the construction of an affordable housing community for seniors aged 55 and older. The project, Arbours at Moores Mill II, located at 100 Marcus Byers Drive NE, will provide 55 rental units, including 31 one-bedroom and 24 two-bedroom apartments. The funding commitment is contingent upon the project receiving an allocation of Low-Income Housing Tax Credits (LIHTC) from [more]
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