AHFA's highly successful Mortgage Assistance Alabama (MAA) program has exceeded its goals, receiving enough applications to fully commit its $100.5 million allocation from the U.S. Treasury to help low- and moderate-income Alabamians keep their homes. Alabama is one of the first seven states and U.S. territories to achieve this program milestone.

MAA was designed to prevent foreclosure by providing help with past due or delinquent mortgage expenses, future mortgage payment assistance or lien extinguishment for low- to moderate-income Alabamians who have experienced temporary, COVID-19 related financial hardship. MAA is part of the U.S. Treasury’s Homeowner Assistance Fund, a mortgage foreclosure prevention program funded by the American Rescue Plan Act of 2021.

Since the program opened in August 2021, 2,808 households in 65 of 67 Alabama counties have received $64.5 million in disbursed or pledged assistance and have avoided foreclosure. An additional 2,030 applications are being processed and will exhaust the remaining $36 million in available Treasury funding.

“We are not accepting further applications at this time, because the number of applications we can accept based on funds made available by the U.S. Treasury has been met,” said Carrie Hamaker, AHFA's single-family administrator.

All applications submitted are subject to funding availability, which is very limited and available on a first-come, first-served basis. Assistance amounts are calculated based on information verified and confirmed by each applicant’s mortgage servicer.