December 2019
Top 10 Application & Development Success Tips  
It's that time of the year again, and the Multifamily Division has compiled a list of tips to help with applications and developments.

  1. READ, READ, and then READ AGAIN. The Plans, the Addenda, the Definitions, the Application Forms and Application Instructions. Submit questions and communicate problems. 
  2. Check Your Email and AHFA’s Website for Updates. AHFA will send Multifamily Notices with critical information about the application process. These Multifamily Notices will then be posted at www.ahfa.com.
  3. Secure Proposed Property with A Renewable Option to Purchase. Renewable Options allow you the flexibility needed because of the varying lengths of the approval process.  
  4. Engage Your Environmental Professional Early. Provide your environmental professional with a copy of AHFA’s Environmental Policy Requirements.
  5. Check the Property Zoning for the Proposed Property. Make sure the property is zoned for the proposed use. Review the applicable zoning ordinance(s) and provide the zoning requirements for the proposed project.

Annual Project Submission Due Dates for 2020
The AHFA Compliance Department has recently released the Annual Project Submissions due dates for 2020.

  • February 3, 2020: Due date for the DMS Authority Online tenant event data submission
  • March 2, 2020: Due date for the Annual Owner Certification
  • May 1, 2020: Due date for Form 8609 Schedule As (8609-As) for all properties which received Housing Credits, Housing Credits with HOME funding, or Housing Credits with Multifamily Bond financing and were still within the compliance period in 2018.

More information about each of these due dates can be found at http://www.ahfa.com/multifamily/compliance/annual-project-submissions.
Happy Holidays from AHFA
AHFA will be closed Tuesday, December 24 and Wednesday, December 25 in observance of the Christmas holiday. We will also be closed Wednesday, January 1 in observance of the New Year's holiday.

Season's greetings from the team at AHFA! May the holiday spirit be with you and your family today and throughout the New Year.
Alabama Housing Finance Authority | www.AHFA.com