By statute, AHFA is governed by a Board of Directors that provides policy direction, authorizes bond issues and program development, and evaluates AHFA's efforts. Its members serve staggered seven-year terms. The governor appoints one person from each of the seven congressional districts — two home builders, two real estate brokers, a lender, a mayor and a county commissioner — and one person from the state at large. The lieutenant governor and speaker of the house each appoint two members. The state finance director, treasurer and superintendent of banks serve as ex officio members.
Shelton E. Allred, Chairman
Robert L. Smith, Vice Chairman
Kelly Butler, ex officio
Blake Corder
Thomas R. Doyal
Annie Furrer
Adam Harris
Bobby Herndon
Mike Hill, ex officio
Glenn Horton
Ray Long
John McMillan, ex officio
Carolyn Norman
James W. Rutland, IV
Michael C. Toles