The Alabama Alliance to End Homelessness, Collaborative Solutions, Inc., and the Low-Income Housing Coalition of Alabama will be hosting "Housing Works! 2015" November 12 & 13 in Orange Beach. The conference will focus on issues of poverty and affordable housing in Alabama. AHFA is a gold sponsor of this year's event.
AHFA's Alabama Home Buyer Initiative has been honored with a program excellence award at the NCSHA Annual Conference in Nashville. The initiative was the top entry in the "Homeownership: Empowering New Buyers" category.
Clarion Cove Apartments in Pell City held its grand opening Thursday, September 24.The newly-constructed development was financed in part by $736,756 in AHFA-administered Housing Credits.
AHFA will conduct a public hearing concerning the proposed 2016 HOME & Housing Credit allocation plans on Wednesday, October 7. Click heading for full details.
American homeowners nationwide are coming out from underwater mortgages. Alabama, like many states, is no exception to this positive trend. Only 6.5 percent of mortgaged properties in the state are underwater, compared to the 8.7 percent national statistics. Alabama currently has around 406,000 mortgaged properties, according to CoreLogic, with only around 26,000 currently in negative equity.