AHFA administers multifamily programs that create affordable rental housing by providing funding and tax incentives that help developers build or rehabilitate properties for Alabama’s low-income families.
Through these programs, AHFA has provided more than $1.2 billion in funding and tax incentives to help build or preserve 939 developments comprising 58,154 units. Another 82 developments, comprising 4,272 units, are in various stages of completion. AHFA-financed developments can be found in every county throughout the state.
AHFA is Alabama’s administrator of the federal HOME Investment Partnerships Program (HOME) and Low Income Housing Tax Credit (LIHTC) program, as well as the National Housing Trust Fund. In addition, AHFA issues Multifamily Housing Revenue Bonds for the acquisition, renovation and new construction of affordable rental housing.
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Program Related Items
Multifamily Fees
AHFA Approved and Funded Transaction Fee Requirements
(Applicable through the Extended-Use Period for all approved and funded projects which have received a Reservation Letter, Determination Letter and/or HOME Written Agreement.)
The following fees are based, in part, on the Housing Credit Qualified Allocation Plan and/or HOME Action Plan applicable at the time of application, and other ongoing fees, as described herein, which may be determined or amended by AHFA from time to time. Please refer to the applicable forms which may specify special or additional fee requirements. For application-related fees, please refer to the applicable Plan(s), application instructions and applicable forms at the time of application.
AHFA Defined Terms
AHFA Defined Terms – Multifamily Funding Programs
Capitalized terms used and not otherwise defined in the allocation plans shall have the meanings assigned in the AHFA Defined Terms – Multifamily Funding Programs or as regulations or other context require. Such defined terms may be amended at any time with public notice.