PARTNERSHIP
The AHFA-Habitat for Humanity Loan Purchase Program is a statewide collaboration between the Alabama Housing Finance Authority (AHFA) and local Habitat for Humanity affiliates.
HISTORY
Since March 1992, AHFA has committed more than $32.8 million to the loan purchase program for a total of 599 Habitat loans. This program allows AHFA to purchase mortgage loans from Alabama’s Habitat affiliates which provides the affiliates with a lump sum amount that can be used to build additional housing for eligible homebuyers.
MOMENTUM
Habitat affiliates interested in participating in the loan purchase program must be in good standing with Habitat for Humanity International, function as an active affiliate in good standing with the national organization, and submit the required Due Diligence package for AHFA review and approval.
Habitat for Humanity Partnership Explained
Supporting Alabama’s local Habitat for Humanity affiliates is one way that AHFA helps families achieve their dreams of homeownership.
In our latest video, Savannah Stephens, program specialist at Habitat for Humanity of Baldwin County, shares how her affiliate was formed, the impactful work they’re doing to provide affordable housing, and the life-changing experience of being involved in the building process.
Stephens also highlights the role that AHFA plays in making her work possible. Since 1992, we have purchased hundreds of loans to enable Baldwin County and other affiliates to recoup their costs and keep building safe, affordable homes for our state’s citizens in need.
HABITAT FOR HUMANITY STORIES
Posted on March 7, 2025
Celebrating Ellen Woodward Potts: USA TODAY Woman of the Year!
Her leadership at Habitat for Humanity of Tuscaloosa is transforming lives and communities. Read more about her incredible impact.
Read MorePosted on February 5, 2025
Habitat for Humanity Helps Abbeville Family with a 'Hand Up, not a Hand Out'
Bessie and Eddie Cochran knew full well the 500 hours of required “sweat equity” they had to fulfill by helping build other Habitat homes before construction would begin on their home in Abbeville.
Read MorePosted on February 5, 2025
AHFA and Habitat Help Family Put Down Roots
When Greg and Debbie Davis’ family needed more room to grow than their mobile home could provide, they searched for a house, but found prices were higher than they could afford.
Read MorePosted on February 5, 2025
1500th Habitat Home in Alabama
When Habitat for Humanity of Greater Birmingham broke ground on the Finley family home, it was a milestone not only for the family of five, but for Alabama’s Habitat affiliates as well – the Finley home was the 1,500th Habitat home to be built in Alabama.
Read MorePosted on February 5, 2025
Alabama Habitats Celebrates 2000th Home
In its 20th year, the Alabama Association of Habitat Affiliates commemorated the completion of the 2000th home statewide – built by HFH of Southwest Alabama for Mobile’s Niyongabo family.
Read MorePosted on February 5, 2025
Habitat Home Provides Cancer Survivor with Peace of Mind
Most of us are fortunate that we don’t have to go to bed at night and pray our home doesn't burn down. But that was reality for Jennifer Chambers and her two children.
Read MorePosted on January 10, 2025
Habitat for Humanity, Baldwin County
At AHFA, we are deeply committed to helping families achieve their dream of homeownership, and we are incredibly grateful for our continued partnership with Habitat for Humanity of Baldwin County.
Read MorePosted on December 1, 2024
Making Homeownership Dreams Come True: AHFA and Habitat for Humanity Partnership
AHFA and Habitat for Humanity of Morgan County are helping families like Summer’s turn their dreams of homeownership into reality.
Read MorePosted on November 27, 2024
AHFA Purchases Mortgage for ‘Autism Supportive’ Home
Tuscaloosa Habitat’s first home built in the Milestone neighborhood lives up to its name.
Read More