Notice 23-09

6/7/2023

2023 AHFA Competitive Application Cycle

The 2023 AHFA Competitive Application Cycle Forms and Instructions are now available. AHFA will accept applications for available funding on Tuesday, July 18th, 2023. The 2023 Competitive Application Cycle timeline is as follows:

AHFA2023 Competitive Application Cycle Events

Dates

2023 CHDO Application Deadline

6/21/2023

2023 Application Deviation Request Deadline

7/3/2023

2023 Application Log Deadline

7/14/2023

2023 HOME/Housing Credit/HTF Application Deadline

7/18/2023

2023 Award Announcements

TBD

Due to the 2023 AHFA COVID-19 Relief Response Application Cycle, AHFA has a limited remainder of $7M in housing credits available to allocate during this 2023 Competitive Application Cycle. The total number of project applications recommended for funding will likely be limited based on the amount of available housing credits. The funding priorities established by AHFA to meet statutory funding set-asides are detailed in the 2023 AHFA Plans. Funding recommendations will be made in accordance with those priorities to the extent of the remaining available funding sources. Applicants are advised to review the 2023 Plans before making competitive application decisions. All AHFA competitive application fees are non-refundable; applicants submit applications at their own risk.


Please note the following information:


  1. Deviation Requests may be submitted to AHFA prior to, but no later than July 3, 2023, to avoid a fee.
  2. Application Logs are due to AHFA via email by 5 pm CDT, Friday, July 14, 2023.
  3. 2023 Applications are due to AHFA by 5 pm CDT, Tuesday, July 18, 2023, regardless of the delivery method.
  4. A drawing will be held on Wednesday, July 19, 2023, to determine the order of awards in the event of a tie. An impartial person will be selected to draw from all applicants. The results will be posted on AHFA's website at the conclusion of the drawing.


The preferred method to submit an application is via overnight delivery to the following address:

AHFA Multifamily Division

7460 Halcyon Point Drive, Suite 200

Montgomery, AL 36117

334-244-9200


The AHFA offices are secured and not open to the public. If hand delivery is necessary, please call 334-244-9200 upon arrival at the AHFA parking area and let the receptionist know you are onsite to deliver a multifamily application. A member of the multifamily staff will meet you at the outer door of the building to receive the application package. Please do not attempt to enter the building. Application receipts will be delivered to applicants via email.

Alabama Housing Finance Authority | www.AHFA.com
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