AHFA Board of Directors Holds September Meeting |
The AHFA Board of Directors convened on September 20. Among other business, the board approved the proposed 2023 multifamily plans for Housing Credit QAP, HOME, HOME ARP, and the National Housing Trust Fund. The board also approved two resolutions regarding multifamily bonds for developments in the cities of Birmingham and Harvest. The Board will meet again in December.
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Habitat Homeowner Now Debt Free, Thanks to MAA Funding |
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Habitat for Humanity homeowner Sonya Matthews of Anniston experienced financial hardship after falling ill from COVID-19 three different times in 2020.
She qualified for lien extinguishment from Mortgage Assistance Alabama (MAA) that paid off the mortgage on her home. Watch Sonya share her story in the video below.
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To date, the popular MAA program has helped 2,756 COVID-affected Alabama households keep their homes.
The number of applications MAA can accept based on funds made available by the U.S. Treasury has been met. MAA staff are reviewing and processing the remaining applications as quickly as possible.
All applications submitted are subject to funding availability, which is very limited and available on a first-come, first-served basis.
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2023 Multifamily Allocation Plans Approved |
During its September 20 meeting, the AHFA Board of Directors approved the final versions of the 2023 Housing Credit Qualified Allocation Plan, the HOME Action Plan, the National Housing Trust Fund Allocation Plan, and the HOME-ARP Plan (an amendment to the 2021 HOME Action Plan). The allocation plans will be used to direct the application process and funding awards for 2023 multifamily development proposals.
The plans are available for download here.
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Top 4th Quarter Lender Results Revealed |
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Leading Lenders
The top Leading Lenders for Fiscal Year 2022, 4th Quarter are, in alphabetical order:
Congratulations to these lenders! We appreciate them closing deals this quarter using AHFA homeownership programs.
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Top Participating Lending Company
loanDepot is our Top Participating Lending Company for the 4th quarter of FY22, closing the most home loans this quarter using our homeownership financing options.
Stay tuned to our social media channels as loanDepot lenders describe how AHFA's down payment assistance helps their customers with unexpected home-buying expenses.
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Renters Receiving ERA Alabama Help Share Their Stories |
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Emergency Rental Assistance Alabama (ERA Alabama) is a federally funded program that helps renters having difficulty paying their rent or utility bills due to the pandemic.
Renters do not need to be behind on payments to be eligible for rental or utility assistance.
If a household meets certain income levels, they could be eligible for financial assistance for up to 18 months, retroactively to March 23, 2020.
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"I wish to thank the people responsible for the ERA distribution. This was a light at the end of a dark tunnel. I was able to increase my food budget. The extra bought a whole chicken I could use seven different ways, gas for my car so I don't have to work or rely on others, and helped me care for a family member who had COVID and was in a hospital for two months. Lastly, thanks for a good night's sleep -- I now have some savings for an emergency."
M.F., Huntsville
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"I was fortunate to receive ERA funds to cover three months of rent. I am a 63-year-old man who receives Social Security disability. Because my income is fixed and limited, the ERA assistance has been a tremendous benefit to me over the last several months. It has allowed me to get caught up on things financially from the COVID-19 pandemic. I am extremely thankful for the rental assistance help, especially since everything such as groceries and supplies has increased in price. I can speak for myself and everyone else when I say the funds couldn't have come at a better time."
C.W., Mobile
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"I would really like to let you guys know how thankful I am for helping me apply and receive the ERA funds. Those payments have helped relieve some of the stress I had about purchasing food and gas for my household. Again, thanks for all of your help."
R.T., Selma
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Outreach & Education in September |
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September 1: Lender visit with Guaranteed Rate, Daphne
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September 2: Lender visit with Embrace Home Loans, Mobile
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September 2: Lender visit with HomeTown Lenders, Mobile
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September 2: Lender visit with First Federal Mortgage, Mobile
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September 7: Lender visit with FBC Mortgage, Birmingham
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September 7: Lender visit with CB&S Bank Mortgage, Birmingham
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September 8: Birmingham Association of Realtors trade show, Birmingham
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September 9: Lender visit with SouthPoint Bank Home Mortgage, Birmingham
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September 9: Lender visit with DHI Mortgage, Hoover
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September 14: Lender training with First Bank, Birmingham
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September 14: Lender visit with American Pacific Mortgage, Birmingham
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September 15: Realtor training with Birmingham Association of Realtors and Fannie Mae
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September 19: Lender visit with Prosperity Home Mortgage, Clanton
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September 20: Lender visit with Cross Country Mortgage, Montgomery
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September 20: Lender visit with Guild Mortgage, Montgomery
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September 20: Lender visit with Fairway Mortgage, Montgomery
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September 23: Realtor training with Talladega Board of Realtors and Movement Mortgage
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September 27: Realtor training with Re/Max, Daphne
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September 27: Lender visit with SouthPoint Bank Mortgage, Daphne
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September 27: Lender visit with Community Bank Mortgage, Fairhope
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September 27: Lender visit with DHI Mortgage, Daphne
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September 28: Lender training with Regions Bank Mortgage, Mobile
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September 28: Lender visit with Trustmark, Mobile
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September 28: Lender visit with Bancorp South Mortgage, Mobile
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AHFA Welcomes Summit Funding as a Participating Lender |
AHFA is pleased to welcome Summit Funding, Inc. as a participating lender in the Step Up and Mortgage Credit Certificate programs. Summit Funding is located in Huntsville.
If you are a lender and would like to participate in any of AHFA’s single-family financing programs, please contact AHFA to request a lender participation package.
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Alabama Housing Finance Authority | Montgomery, Alabama | 334.244.9200 | Email | Website
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