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What's New

A summary of news and current events from AHFA. For additional information, please contact us at

Notice of Declaration of Emergency: Emergency declared to allow expedited purchase of equipment for AHFA’s IT systems


Emergency declared to allow expedited purchase of equipment for AHFA’s IT systems

First applications go out for Woodlawn's Park at Wood Station


The Park at Wood Station, an AHFA-financed development in Birmingham's Woodlawn neighborhood, is accepting applications from potential residents. More than 500 people have expressed interest in the 64-unit mixed income residential community that broke ground last July. The development received more than $1.1 million in AHFA-administered Housing Credits.

Alabama residential home sales, 1st Quarter 2015

Alabama Residential Quarterly Report: "1st Quarter Sales up 13% from Prior Year"


The Alabama Center for Real Estate (ACRE) is reporting continued improvement of Alabama residential home sales during the first quarter of 2015--an increase of 13 percent over the same period last year. Total sales of 10,305 units represent the best first quarter since since 2007 (12,748 units).

Millennials Are Moving Out of Basements and Into Apartments


Millennials finally seem to be striking out on their own. According to recent Census data, the number of households grew by 1.48 million in the first quarter from a year earlier, following a 1.66 million increase in the final three months of 2014. This marks the fastest back-to-back gains in household formation since the second half of 2005. While data shows that the households being formed these days are rentals, any and all household formation is positive for the economy.

A Dozen Alabama Properties Rehabilitated Using 4 Percent LIHTCs


An article, highlighting the rehabilitation of 12 properties under a single 4 percent low-income housing tax credit (LIHTC) transaction, that appeared in the April 2015 issue of the Novogradac Journal of Tax Credits.

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