Alabama

Alabama Programs and Resources

The following government funding programs, contacts and resources are available in Alabama

 

Programs
The following programs are available to you in the state.

HOME Funds
7460 Halcyon Pointe Drive
Suite 200
Montgomery, AL 36117
Phone: 800.325.2432
Fax: 334.244.9214
The HOME Investment Partnerships program is a federally funded program that provides annual allocations that may be used by developers to buy land and build affordable .

As Alabama’s HOME program administrator, AHFA directs an application cycle on a competitive basis. Funding decisions are based on strict project selection criteria and a point scoring system outlined in the application package. In addition, AHFA?s compliance staff is responsible for monitoring HOME-assisted developments and conducting on-site visits. They check rental property annually for compliance with HUD tenant incomes, rent levels and Housing Quality Standards.

Alabama combines HOME funding with another multifamily housing program?Housing Credits. This method of stretching scarce resources is just one example of the measures AHFA takes to ensure its programs benefit the greatest number of Alabamians possible.

Since inception, Alabama has been awarded roughly $219 million to finance approximately 8,500 apartment units in 222 complexes.

Applications: Because the supply of HOME funds is limited, AHFA has created a prioritizing system to determine which projects receive funding awards.

AHFA develops and implements allocation plans each year, which include selection criteria, an evaluation process, and compliance monitoring procedures. Download AHFA’s allocation plans for the current year

Applications are accepted during AHFA-designated funding cycles which generally occur soon after HUD’s approval of AHFA’s annual program.

AHFA directs application cycles on a competitive basis. Funding decisions are based on the project selection criteria and a point scoring system outlined in the application package.Download AHFA’s funding application
Website: http://www.ahfa.com/

Low Income Housing Tax Credits (LIHTC)
Phone: 800.325.2432
Fax: 334.244.9214
Serving as Alabama’s administrator of the Housing Credit program, AHFA helps developers buy land or buildings and build or repair housing to be rented to low-income families at affordable rates. This financial incentive encourages developers to increase the supply of rental housing for economically disadvantaged families. Housing credits provide a dollar-for-dollar reduction to an developer’s federal tax liability. In turn, the developer must reserve a percentage of the units for the area’s lower-income residents, based upon the area?s median income. The credits are awarded annually through a competitive application process to ensure the credits are distributed throughout the state to areas with the greatest needs.

Since the program’s creation, AHFA has issued more than $152 million in Housing Credits to build or repair roughly 700 apartment complexes housing more than 31,000 families.

Application: Because the supply of Housing Credits is limited, AHFA has created a prioritizing system to determine which projects receive funding awards.
Website: http://www.ahfa.com/

Assistance Program (TCAP)
Phone: 800.325.2432
Fax: 334.244.9214
The American Recovery and Reinvestment Act of 2009 (ARRA) created new sources of funding for affordable rental housing. It established the Tax Credit Assistance Program (TCAP), which will provide direct funding assistance to eligible tax credit projects. The estimated amount of TCAP that Alabama will receive is $31,952,086. The new program is intended primarily to supplement affordable housing developments that have been unable to secure adequate equity commitments in the current market.

The Act requires States to award TCAP funds based upon guidance provided by HUD.

AHFA expects to place the highest funding priority on projects that have agreements in place for equity commitments and are farthest along in the construction process. The funds allocated to any project will not exceed the amount needed to make the project financially feasible, based upon AHFA’s underwriting criteria.
Website: http://www.ahfa.com/

Energy Efficient Appliance Rebate Program
Alabama Department of Economic and Community Affairs
The program is scheduled to begin April 19, 2010 and will run for three weeks. If funds remain after this initial program, the state may hold a second rebate period in October 2010 during Energy Awareness Month.

Eligible Products:
* Refrigerators
* Freezers
* Clothes washers
* Dishwashers
* Room air conditioners

Senators

Senators may help you move your deals forward.  Here’s who you want to reach out to.

Jeff Sessions (R-AL)
326 Russell Senate Office Building
Washington Dc 20510
Phone: (202) 224-4124
Email: Contact Online
Website: http://sessions.senate.gov/

Richard C. Shelby (R-AL)
304 Russell Senate Office Building
Washington Dc 20510
Phone: (202) 224-5744
Email: Contact Online
Website: http://shelby.senate.gov/

House Representatives
Members of Congress don’t want boarded up properties or unaffordable housing in their districts.  Reach out to them for a helping hand in getting your applications reviewed.

District Name Party Room Phone Committee Assignment
1 Byrne,Bradley R 2236 RHOB 202-225-4931 Armed Services
Education and the Workforce
Natural Resources
2 Roby, Martha R 428 CHOB 202-225-2901 Appropriations
Select Committee on Benghazi
3 Rogers (AL), Mike R 324 CHOB 202-225-3261 Agriculture
Armed Services
Homeland Security
4 Aderholt, Robert R 2369 RHOB 202-225-4876 Appropriations
5 Brooks, Mo R 1230 LHOB 202-225-4801 Armed Services
Foreign Affairs
Science, Space, and Technology
6 Bachus, Spencer R 2246 RHOB 202-225-4921 Financial Services
the Judiciary
7 Sewell, Terri A. D 1133 LHOB 202-225-2665 Financial Services
Intelligence (Permanent)

Large Cities and Communities

The following larger cities and communities are most likely to offer local programs:

  • Birmingham

Birmingham Department of Community Development

  • Montgomery

Montgomery Department of Development

  • Mobile

City of Mobile Community Planning & Development

  • Huntsville

Huntsville Community Development

  • Tuscaloosa
  • Hoover
  • Dothan
  • Auburn
  • Decatur