Robert Strickland

The Alabama Housing Finance Authority's (AHFA) 2027 National Housing Trust Fund Allocation Plan outlines the distribution of funds to increase and preserve affordable housing for extremely low-income (ELI) and very low-income households in Alabama. The plan prioritizes rental housing, targeting vulnerable populations such as veterans, the homeless, and individuals with physical or mental disabilities. It details eligibility requirements, application processes, and scoring criteria, with the overarching goal of addressing the state's unmet housing needs and ensuring compliance with federal regulations.

This document introduces AHFA's draft 2027 strategic plans, which include the Low-Income Housing Credit Qualified Allocation Plan, HOME Action Plan, and National Housing Trust Fund Allocation Plan. These plans outline the organization's approach to housing credit allocation, HOME program implementation, and national housing trust fund distribution for the year 2027. A public commenting period for these draft plans is active until February 27, 2026.

This document outlines the 2027 Housing Credit Qualified Allocation Plan for the Alabama Housing Finance Authority (AHFA). The plan aims to encourage and promote investment in affordable rental housing for low-income households by increasing housing units and upgrading existing ones. Key strategic priorities include developing selection criteria based on housing needs, prioritizing projects serving the lowest income tenants for the longest periods, ensuring geographical distribution of Housing Credits, improving existing affordable housing stock, leveraging additional federal, state, or local subsidies, and promoting healthy living environments through tenant services.

The 2027 Draft HOME Action Plan for the State of Alabama, administered by the Alabama Housing Finance Authority, outlines the strategic use of HOME Investment Partnerships Program funds to address affordable housing needs. Key areas include developing selection criteria and an evaluation process for housing priorities, establishing compliance monitoring procedures, and promoting participation of minority and women-owned businesses. The plan aims to ensure financial feasibility, responsible use of funds, and a balanced geographical distribution of affordable housing projects across the state.

This document provides an essential introduction to the affordable housing programs administered by the Alabama Housing Finance Authority (AHFA). It details the Low-Income Housing Tax Credit (LIHTC), HOME Investment Partnerships Program (HOME), National Housing Trust Fund (HTF), and Multifamily Bond Programs in Alabama. The overview includes information on program allocations, eligible uses, compliance requirements, and AHFA's role in facilitating the development and preservation of affordable rental housing to meet the needs of low-income populations across the state.