State Program
Alabama Housing Trust Fund – Affordable Housing
The Alabama Housing Trust Fund provides funding for affordable housing construction, rehab, and preservation across the state.
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.
**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
- 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
- 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
2. Submit application and project proposal
3. Undergo review by AHFA
4. If approved, comply with ongoing requirements
Program Overview
Category
State Program
Official Program Website
Information about this program is provided as a resource and may be subject to change. Always verify details with the official program website.
Important Note
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.