AHFA Board of Directors to Meet in December

The AHFA Board of Directors will meet Tuesday, December 5 at 11 a.m. in the AHFA offices.
Save the Date

AHFA will host its HOME/Housing Credit/Housing Trust Fund Application Workshop on Friday, December 8 in Montgomery.

Please watch your email and AHFA's social media channels for updates.

If you are not receiving communications from AHFA's multifamily division by email, you can opt in at  http://bit.ly/2yRi8p1.
Step Up + Extended Until December 31

In June, AHFA announced a temporary Step Up+ mortgage enhancement that will pay the upfront split private mortgage insurance premium (up to $1,500) for homebuyers who earn less than 80 percent of the area median income. In turn, homebuyers will pay a lower monthly premium as part of their mortgage payment.

The program was originally slated to run through September 30, but has recently been extended until December 31, 2017.

For more information, qualifications and procedures, visit  http://bit.ly/2i6ThqQ .
CHDO Applications Due in December

All applications for 2018 CHDO Designation are due to AHFA no later than Wednesday, December 13 at 5 p.m. Only applications from applicants with a CHDO Designation will be considered for the CHDO Set-Aside in the 2018 Competitive Cycle.
Development Spotlight:
Alex Place | Livingston

Development Info: 
24 units, built in 1998
Serves: families, elderly, and disabled residents in Sumter County
AHFA funding sources: $565,000 in HOME funds (1998) | $122,982 in Housing Credits (1999)

Amenities/Tenant Services:
" I think Alex Place is special because this is not just a complex; I consider it to be an extension of my family ," said Rosa H. Washington, property manager. " My motto is we are our brother's keeper and for the most part we try to look out for each other, especially our children.  I have found that if you just give a child a few encouraging words, that can make a world of difference in the way they see themselves."

To maintain the bond between management and the residents and encourage a community atmosphere, Washington arranges a number of special events throughout the year, such as celebrations of major holidays, movie nights and luncheons.

Washington said Alex Place's biggest event is their Safety/Fun Day when the Fire Department, Sheriff's Department, and Police Department come out to celebrate with the residents.  The children enjoy getting to play on the fire truck and ambulance and playing with the lights and sirens on the police/sheriff cars.

Homework Club:
After noticing that many of the school-aged children of Alex Place lacked constructive after-school activities, Washington spearheaded an effort to create a homework club. "It has been a major blessing for our children," she said. Resident  Shalanda Campbell does the majority of the tutoring, and Washington ensures the students have snacks and necessary supplies. "I found there was a need for the children, as well as  adults, to have access to a computer to complete homework assignments," she said. She explained the situation to Alex Beaver with Olympia Management, Alex Place's management company. Beaver reached out to Olympia's IT staff, who built the club a new computer from miscellaneous parts of discarded company equipment.  The Alex Place Homework Club has been so successful that it has been expanded to include residents of neighboring apartment complexes.
AHFA to Run Lender Recognition Social Media Campaign

Throughout FY18 (October 1, 2017-September 30, 2018), AHFA is conducting a Lender Recognition Campaign on our social media channels to thank participating lenders and help promote AHFA's homeownership programs. All participating lenders will be highlighted throughout the year.
The social media campaign will (1) promote our lending partners and (2) let potential homebuyers know lenders offer one or both of AHFA's affordable homeownership programs (Step Up & Mortgage Credit Certificates).
The posts will feature each participating lender, list the branches that are participating, and include a link to their website. We are asking them to like and share the posts to expand our reach! 
Lenders can email AHFA's communications staff  for more information and to find out when their posts are scheduled.
REALTORS Gather in Montgomery for Annual Convention

On October 2, AHFA exhibited at the Alabama Association of REALTORS 91st annual convention and trade show in Montgomery. Staff members distributed promotional items and brochures and offered a chance to win a Yeti package to those who signed up to join our email list.

AHFA Participates in Affordable Housing Development Discussion

BBVA Compass  Bank and the  Housing Assistance Council  hosted an affordable housing resource development information session October 24 in Decatur. The event assembled local housing development practitioners, advocates, funders, policymakers, as well as other stakeholders for a comprehensive session focused on rural affordable housing development. 

AHFA was represented by Multifamily Manager Barbara Wallace, who spoke about AHFA's role in the development of affordable housing in Alabama.
Self-Service Payment Options Are Available for ServiSolutions Customers

Did you know that you can make your mortgage payment without having to wait on hold for a customer service agent?

Pay online via Customer CareNet at  http://bit.ly/1HYXzkW. You can also use the automated phone pay option by dialing 866.339.2432 (855.819.8081 in WA) and selecting option 1.

Non-agent options are available 24/7/365. Fees vary.
AHFA Offices to Close for November Holidays

AHFA, ServiSolutions and Hardest Hit Alabama will be closed Friday, November 10 in observance of the Veterans' Day holiday and Thursday, November 23 and Friday, November 24 for the Thanksgiving holiday. Please make a note of these dates.
Alabama Housing Finance Authority | Montgomery, Alabama | 334.244.9200 | Email | Website