Income Limit Increased for Step Up Program

December 14, 2023

The maximum qualifying income limit for AHFA's flagship Step Up program has increased to $159,200, effective December 14. The previous limit of $130,600, based on current area median incomes calculated by HUD, was set in 2020.

"AHFA is thrilled to update the limit to reflect our current times," said Single-Family Administrator Carrie Hamaker. "Our world looks very different than it did three years ago. This adjustment will enable AHFA and its participating lenders to provide down payment assistance with competitive interest rates for a larger segment of Alabama's moderate-income home buyers."