Local Politics
  1. Home
  2. US
  3. Alabama
  4. Birmingham
  5. Issues

Magic City Champions HOME Agreements

At a glance

Two $100,000 HOME forgivable-loan agreements, with Renew Birmingham and Titusville Development Corporation, to acquire and rehabilitate homes for buyers at or below 80% of area median income. They come from the city's Magic City Champions program, which created five certified community housing development organizations.

Sources

Log

2026-10-26 - Budget and Finance Committee

  • Committee approved both agreements together. A member asked staff to consider a fund encouraging private rehabilitate-and-sell activity ahead of budget talks. Renew plans a lease-to-own structure.

2026-11-02 - Community Development Committee

  • Community Development Committee approved both $100,000 agreements by voice vote: a two-unit rental purchase-and-rehab with tenants buying within a year, and a home transfer whose sale proceeds fund two more homes.

2026-11-10 - City Council

  • On the Council agenda: the Titusville Development Corporation agreement (item 5, first reading, $100,000) and the Renew Birmingham agreement for 2422 and 2922 Avenue D (item 10, consent, $100,000); both note recommendation by the Budget and Finance and Community Development Committees.