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Renters

AHFA Announces 6 Developments Awarded National Housing Trust Funds

July 02, 2021

At its June 24 meeting, the AHFA Board of Directors approved the allocation more than $5.8 million of National Housing Trust Funds to six developments, which included 41 set-aside units for extremely low-income residents.

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.

As administrator of Alabama’s National Housing Trust Fund allocation, AHFA allocates funding for the development of decent, safe and sanitary rental housing targeting extremely low-income households with a preference for veterans who are homeless or at risk of becoming homeless.