The National Housing Trust Fund (“HTF”) was established by Congress under Title I of the Housing and Economic Recovery Act of 2008. HTF is a formula grant program to be administered by the states. For 2016, HUD allocated to the State of Alabama a grant of $3 million. AHFA’s proposal, designed pursuant to HUD guidance, targets Extremely Low-Income populations (“ELI”), with a preference to homeless and at-risk of becoming homeless veterans of the U.S. armed forces. Data as of 2017 reflects that of the 369,962 veterans living in the state an estimated 29,047 veterans in Alabama fall into the ELI category. In 2018, there were approximately 339 homeless veterans statewide, and with the housing cost burden, this number could increase.
AHFA proposes a National HTF Allocation Plan (“the Plan”) using a competitive application cycle and point scoring system similar to, but more concise than, the Low-Income Housing Tax Credit program. The Plan is designed to provide funds to develop new construction of decent, safe and sanitary rental housing, with an initial preference for ELI homeless or transitioning veterans located primarily in underserved rural areas.
Applications for the National Housing Trust Fund (HTF) Program are being accepted by AHFA for the remaining 2019 and 2020 available funding amounts. Applications to be considered for this funding pool must be received by AHFA prior to 5 p.m. on Friday, October 2, 2020.
New construction projects that received AHFA HOME or Housing Credit awards may also submit an application for HTF. Previously funded projects must have committed to provide 5% of the total proposed units for tenants with disabilities or homeless populations and in be compliance with the HTF program, inclusive of the 30% AMI restriction and the 30-year affordability period.
AHFA will engage the third-party environmental firm.
For questions regarding the application process, please send an email to [email protected].
The State of Alabama Consolidated Plan, prepared by the AHFA and the Alabama Department of Economic and Community Affairs, is an annual U.S. Department of Housing & Urban Development-required document which outlines Alabama's affordable housing and community development needs and strategies to meet them. AHFA participates in the Consolidated Plan process each year by submitting an action plan for the HOME Investment Partnerships program and the AHFA National Housing Trust Fund program.
For more information on the State’s Consolidated Strategic & Action Plans, including CDBG, HOME, ESG, HOPWA & HTF, please visit: ADECA > Strategic Plans & Action Plans.