Alabama

AHFA’s Annual Application Workshop Will Be Held February 17

Alabama Housing Finance Authority’s annual application workshop will be held Tuesday, February 17 at Montgomery’s Renaissance Hotel & Spa at the Convention Center.

Applications for Housing Credits and HOME Investment Partnerships Program Funds Accepted in March

Applications for Housing Credits and HOME Investment Partnerships Program funds will be accepted by the Alabama Housing Finance Authority beginning Tuesday, March 17, 2015 at 9:00 a.m. CST and ending at 5:00 p.m. CST on Thursday, March 19, 2015.

AHFA Accepting Applications for Housing Credits and HOME Funds

ADECA Community and Economic Development Unit Invites the General Public to Attend a Public Forum

The Alabama Department of Economic and Community Affairs (ADECA) Community and Economic Development Unit invites the general public to attend a public forum scheduled to be conducted on Thursday, November 13, 2014, at 10:30 a.m. at the Perdido Beach Resort Hotel located at 27200 Perdido Beach Blvd., Orange Beach, Alabama 36561. The forum will be […]

FDIC Approved a Final Rule Requiring Asset-Backed Security Issuers to Retain Part of the Risk

In October, the Federal Deposit Insurance Corporation (FDIC) approved a final rule requiring asset-backed security issuers to retain part of the risk in any asset they securitize. The final rule explicitly exempts all loans originated through state HFA programs–like AHFA–from the risk retention requirements. In short, this means that banks and others who sell securities […]

Residents of Alabama are Paying Substantially Less for Mortgages

Residents of Alabama are paying substantially less for mortgages compared to the national average. In a recent report from Business Insider, Alabama’s average amount owed on a mortgage is listed at $114,119. Compare that to the U.S. average of $157,154 and it is clear that Alabama ranks in the lower end of what Business Insider […]

Alabama is Providing Mortgage Payment Assistance to Homeowners

Beginning in October, Hardest Hit Alabama is providing mortgage payment assistance to homeowners who have experienced a substantial reduction in household income as well as those receiving state unemployment compensation benefits.

AHFA Accepted Public comments Concerning the Proposed 2015 HOME Action Plan

The Alabama Housing Finance Authority (AHFA) accepted, through November 7, public comments concerning the proposed 2015 HOME Action Plan and the Housing Credit Qualified Allocation Plan (Plans) for the distribution of HOME funds and Housing Credits in exchange for the new construction and substantial rehabilitation of low-income projects and for the monitoring of HOME funds […]