September 2019
Board of Directors Meeting Held in September
The AHFA Board of Directors met September 25. Among other business, the board approved the final 2020 HOME, Housing Credit, and Housing Trust Fund allocation plans as well as the issuance of Multifamily Bonds for Juanita Hill Place, a proposed 60-unit new construction development for families in Bessemer.
2020 Allocation Plans Approved
The AHFA Board of Directors approved the final 2020 HOME, Housing Credit, and Housing Trust Fund allocation plans during its September 25 meeting. The allocation plans will be used to direct the application process and funding awards for 2020 multifamily development proposals.

The plans are available for download at
Success Story: Alan Mills, Montgomery

Montgomery police officer Alan Mills purchased his first home in March. At the recommendation of his lender, Mills used AHFA's Step Up program, a homeownership financing option for homebuyers who can afford a mortgage, but need help with the down payment. The down payment funds are secured by a 10-year second mortgage and are combined with a 30-year, fixed-rate first mortgage. 
Realtor Spotlight: Sharon Wilson, Edge Realty Group, Birmingham
The many accolades Sharon Wilson has earned over the course of her career in real estate are impressive. In 2014, she was awarded the Birmingham Association of REALTORS® Residential Sales Associate of the Year. In addition to several other honors, she received the Women’s Council of REALTORS® Realtor of the Year award at the state level and for the Birmingham area. Wilson has 26 years of experience in real estate and has been with the Edge Realty Group for five years.

Q: How long have you been promoting AHFA’s programs?
A: Honestly, I can’t remember it’s been so long. Probably at least 15 years. I found out about the programs from a lender I worked with frequently.

Q: What do you think is the biggest benefit of Step Up?
A: The opportunity for borrowers to finance a home with virtually no money down is awesome. The qualifications are also not as strict as some other programs.

Q: What do you enjoy most about your job?
A: Assisting people in realizing their dream of homeownership, including many who did not think they could ever buy a home. I enjoy the looks on their faces when they are close to making their dream a reality! I also enjoy putting my experience to good use in providing valuable real estate information to buyers, sellers, and fellow Realtors. 
Outreach & Education in September
Lender training with MortgageRight, Huntsville
Lender training with Bank of England, Daphne
Freddie Mac Home Team Advantage Training
Upcoming Educational Opportunities
AHFA will be hosting or speaking at the following events in October:

Multifamily Groundbreaking & Ribbon Cutting Ceremonies
September 5: Appaloosa Run, Andalusia

56 units | $2.4 million in HOME Investment Partnerships Program funds, $894,566 in Housing Credits, and $408,332 in National Housing Trust Funds
September 20: Estates at Kendal, Clanton

56 units | $1.9 million in HOME Investment Partnerships Program funds and $744,886 in Housing Credits
September 24: Stoneridge Villas, Huntsville

80 units | $1.16 million in Housing Credits
September 27: Sunrise Village, Talladega

100 units | $714,231 in Housing Credits
Alabama Housing Finance Authority | Montgomery, Alabama | 334.244.9200 | Email | Website