Program Details

Alabama Housing Trust Fund issues grants and funding to developers and nonprofits for projects that create or preserve affordable housing. This may support rental and homeownership programs, focusing on households below 60% of the Area Median Income. Administered by AHFA.

How It Works:

  • Funds are awarded competitively, so strong proposals get priority.

  • Collaboration with local agencies often increases the likelihood of grant success.

  • Projects supported may include both rental and homeownership developments.

Eligibility Requirements

  • Open to nonprofit developers, cities, and public agencies

  • Projects must serve low-income households

  • Must comply with Trust Fund guidelines

Program Benefits

  • Funding for construction and preservation

  • Supports a range of affordable housing initiatives

  • Increases housing options for low-income families

How to Apply

  1. Watch for Trust Fund funding announcements

  2. Submit application and project proposal

  3. Undergo review by AHFA

  4. If approved, comply with ongoing requirements

*Details are in the Mortgage Calculator*

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Licensed Mortgage Loan Officers

These mortgage professionals are licensed to operate in ALABAMA and can help you navigate the application process for this program. They can answer your questions about eligibility, required documentation, and help you find the best financing options.

Licensed Mortgage Loan Officers in alabama

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Why work with a licensed mortgage loan officer?

Licensed mortgage loan officers have extensive knowledge of available programs, especially those for first-time homebuyers. They can help you navigate complex eligibility requirements and find the best financing options for your specific situation.

Disclaimer

Program availability, terms, and requirements may vary by lender and location. Additionally, programs are subject to change based on policy updates and market conditions. Always consult with a mortgage professional for the most current information and to determine eligibility for specific programs. The information provided on this website is for general informational purposes only and does not constitute financial, legal, or professional advice.