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Bonds are Back!

April 03, 2024

AHFA is on a mission to bring back this lender and homebuyer favorite.

Now called the First Step program, the below-market interest rates financed through Mortgage Revenue Bond loans and up to $10,000 in down payment assistance turned 50,000 Alabama households into homeowners from 1980 to 2010.

And the sequel is shaping up to be even better. For more information, visit the First Step program page.