2018 HOME/Housing Credit Allocation Plans Approved

The AHFA Board of Directors approved the 2018 HOME/Housing Credit allocation plans during its September 6 meeting. The allocation plans will be used to direct the application process and funding awards for 2018 HOME Investment Partnerships funds and Housing Credits.

The plans are available for download at  http://bit.ly/2i82idW .

In addition, AHFA has released the Draft 2018 Multifamily Funding Application Forms Package. The forms in the package will be used for applications for the HOME Investment Partnerships Program, Housing Credits, the National Housing Fund, and CHDO certification. 

AHFA will accept input regarding the application forms for consideration and possible revision until October 13. For more information visit,  http://conta.cc/2xk7giU .
Step Up & MCC Success Story:  Aleece Braziel | Huntsville

Single mother of two and college student, Aleece Braziel, decided to move from Decatur to Huntsville to be closer to her job at an automotive manufacturer. "I just wanted to be closer to work," she said. "I got tired of the drive."

Braziel combined Step Up's 30-year fixed interest rate and down payment assistance with the tax credit of a Mortgage Credit Certificate to make her home purchase as affordable as possible. "Before, I didn't know a lot about buying a home," said Braziel. "But, Step Up made it easier."

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Welcome, CB&S Bank!

AHFA is pleased to welcome CB&S Bank as a participating lender in the Step Up program. 

CB&S Bank has branches in Birmingham, Florence, Madison and Russellville to serve potential homebuyers.

For more information, visit www.cbsbank.com.
Realtor Spotlight:
Bo Goodson | The Goodson Group, Montgomery

Bo Goodson has been in the real estate business for more than 40 years, and opened his own business - The Goodson Group - in 2004. He is a CRS (certified residential specialist), certified real estate instructor, former director of the Montgomery Area Association of Realtors, and has won numerous sales awards throughout his career. He prides himself on his ability to negotiate on the buyer's or seller's behalf in an ethical manner.

Q: How long have you been using AHFA programs?
A: I have worked with AHFA financing since its beginning and have used every form of financing offered.

Q: What do you think is the biggest benefit of AHFA programs?
A: The greatest benefit of the Step Up program is that it helps people without the ability to make a substantial down payment. The one major reason people don't buy is the lack of closing funds to purchase a home, funds that have increased over the last several years, making it even harder for people to move from renting to buying.

Q: What is your favorite part of your job?
A: I love helping people. The joy we see at closing that people get to have part of the American dream makes all the effort and time that we spend getting them to the closing table worth it. I also enjoy seeing people years later after their families have grown up in a home of their own and knowing that I had a small part in that.

New Homebuyer Resources Available on AHFA.com

AHFA has developed new resources to help homebuyers while they are shopping for a home. 

The Homebuying Wish List helps buyers think about and identify the features they want in a home. The Homebuying Checklist can be used when buyers tour homes to help them keep track of what each home offers and whether it meets their needs.

Both resources are available on the new Homebuyer Resources page on our website at  http://bit.ly/2eXT1FH .
Grand Opening & Ribbon Cutting:  Creekview Village | Florence

On September 20, a grand opening and ribbon cutting was held for Creekview Village in Florence. The newly constructed senior housing development was financed in part by more than $1.5 million in HOME Investment Partnerships Program funds and $627,995 in Housing Credits, both administered by AHFA.

The 56-unit apartment community, developed and managed by The Gateway Companies, features one- and two-bedroom units and is reserved for residents age 55 and older.
Alabama Housing Finance Authority | Montgomery, Alabama | 334.244.9200 | Email | Website