Mobile’s Anchor Place Receives Workforce Housing Tax Credit

City of Mobile-supported Anchor Place is the first development project in Mobile County to receive a Workforce Housing Tax Credit—a state incentive designed to encourage private investment in affordable rental housing. Administered by the Alabama Housing Finance Authority, these tax credits help qualifying developers close funding gaps and make projects like Anchor Place financially feasible. Located at 2350 Demotropolis Road, this mixed-income housing development will be a three-story, 70-unit apartment community with the goal of helping create attainable housing for tomorrow’s workforce. The $26 million development is expected to begin construction in early 2027, with leasing to follow in summer 2028. The City of Mobile is supporting the project, along with private and nonprofit partners, including Hollyhand Development, Figures Construction & Development and the Fuse Project. Workforce housing fills the gap between traditional subsidized housing and market-rate units.