AHFA Board of Directors Meets December 18
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The AHFA Board of Directors met in December. The business of the meeting included the annual election of officers and an election to convert expiring 2015 private activity bond cap to Mortgage Credit Certificates. The board also approved a proposal to participate in the Federal Home Loan Bank of Atlanta's Community Heroes initiative, a collaborative partnership for home-purchase assistance grants to eligible public servants.
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Register for AHFA's 2019 Application Workshop in January
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Registration is now open for AHFA's HOME/Housing Credit/Housing Trust Fund Application Workshop scheduled for Friday, January 11 at the Montgomery Marriott Prattville Hotel & Conference Center at Capital Hill in Prattville.
During the workshop, AHFA staff will discuss changes in the 2019 Plans to include application, underwriting, environmental, and compliance procedures, and new DMS online application features.
Attendance at this year's seminar is not mandatory for 2019 applicants, and no points will be awarded for attending the workshop.
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Housing Trust Fund Application Cycle Opens for Approved 2017/2018 HOME/HC Projects
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Applications for AHFA National Housing Trust Funds are now being accepted for eligible projects which were approved for 2017 or 2018 HOME and/or Housing Credit funding
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Previously approved projects must have committed to provide five percent of the total proposed units for tenants with disabilities or homeless populations and be in compliance with the HTF program, inclusive of the 30 percent AMI restriction and the 30-year affordability period.
The deadline to apply for HTF funding is Monday, January 14. For more information, application forms and instructions, visit
http://bit.ly/2ktkyUa.
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Success Story: Bearden Family, Clanton
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Rachel Bearden won 2nd place in our
2018 “Your Home. Your Story.” Selfie Contest
. She wrote about buying her home in 2015 when she was a single mother and included a picture of her family with her husband and son, Aidyn.
Here she shares more about her homebuying journey and what the Step Up program meant to her. Be sure to watch until the end for a funny appearance from Aidyn!
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Student Spotlight: David Tutor
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In 2000, the Alabama Affordable Housing Association (AAHA) created an education scholarship program for residents of member-owned apartment properties in Alabama. The scholarship funds are donated by the owners, contractors, architects, accountants, property management companies, investors, lenders, developers, and various vendors that make up AAHA’s membership as well as other non-member individuals. Since its inception, the AAHA resident scholarship fund has awarded more than $500,000 in college and vocational scholarships.
Meet David Tutor:
David Tutor of Shelby is a calm, humble young man with dreams that are far-reaching. The youngest child of his family and a former high school football player, Tutor has his sights set on a future as a chemist or a chemical engineer.
“It interests me,” he said. “In high school when I took the basic course, I understood it very well and made good grades.”
With an AAHA scholarship in hand, Tutor is working toward that dream in his first year at Jefferson State Community College. While a little anxious about stepping out into the college arena and beyond his usual support system of friends and teachers, he said he is, “Excited about getting to start a new opportunity.”
Tutor’s father, a maintenance worker with Shoals Mill in Columbiana, suggested he apply for the AAHA scholarship. “I greatly appreciate it,” Tutor said. He went on to note that with the scholarship and federal student aid, he can afford college.
For more information about the resident scholarship program, please contact Arrice Faught, AAHA’s executive director at
arrice@theaaha.org
or 205.758.1158.
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Groundbreaking celebration held for Phenix City Development
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AHFA staff was on hand for a groundbreaking celebration December 5 for Whitewater Village in Phenix City. The development was awarded nearly $1.4 million in Housing Credits for the construction of 82 affordable housing units.
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Grand Opening & Ribbon Cutting Held for The Park at Sydney Drive in Birmingham
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A grand opening and ribbon cutting was held December 7 in Birmingham for The Park at Sydney Drive. The newly constructed affordable housing development was financed in part by $10 million in multifamily housing bonds and $582,300 in Housing Credits, both administered by AHFA.
The 120-unit apartment community is a partnership of Hollyhand Development and the Housing Authority of the Birmingham District. It is located in Birmingham's Oxmoor Valley.
The development features one, two, and three-bedroom units complete with washer/dryer connections, energy efficient appliances, walk-in closets, covered porches/patios, playgrounds, and a community center with a fitness and computer room.
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AHFA Offices to Close for January Holiday
AHFA, ServiSolutions, and Hardest Hit Alabama will be closed
Monday, January 21
in observance of the King/Lee holiday.
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Alabama Housing Finance Authority | Montgomery, Alabama | 334.244.9200 |
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