Notice is hereby given that Alabama Housing Finance Authority (AHFA) will conduct a public hearing concerning the proposed 2015 HOME Action Plan and the Housing Credit Qualified Allocation Plan (Plans) for the distribution of HOME funds and Housing Credits in exchange for the new construction and substantial rehabilitation of low-income projects and for the monitoring of HOME funds and Housing Credits for all projects.
 
The proposed Plans are available for download. All other requests for copies must be submitted in writing to the attention of HOME Technician Pam Shedd, Alabama Housing Finance Authority, P.O. Box 242967, Montgomery, Alabama 36124-2967.

 

The public hearing will be held on Wednesday, October 8, 2014, at 10:00 a.m., Central Time, at Hampton Inn & Suites, 7651 EastChase Parkway, Montgomery, Alabama, 36117.

 

All interested parties are invited to submit written or oral comments at the public hearing regarding the proposed Plans. All written comments must be submitted using the AHFA required  2015 Plan Comment form must be received by AHFA no later than November 7, 2014. Any persons desiring to present oral comments should appear at the public hearing.

Earlene Hayden, who served as a HOME technician in AHFA's multifamily division for more than 18 years, has retired. 

 
On September 30, past and present AHFA staff gathered to honor Earlene Hayden on her retirement. Pictured above: Haywood Sport, Earlene Hayden, Barbara Wallace and David Young.

 

Hayden served AHFA and the citizens of Alabama with remarkable dedication, distinction, integrity and congeniality. She earned the respect of her fellow employees and all who are involved in the development of affordable multifamily housing in Alabama.

Though she will be missed, the Board and staff of AHFA congratulate Earlene Hayden and wish her a long and enjoyable retirement.

 

Hayden's duties will be assumed by Dondra Houlditch. Please update your records accordingly.

 

Residents of Spring Branch Apartments in Huntsville enjoy activities like fall planting in the community garden and a tailgate party. "With our 2012 Housing Credit allocation, we were able to rehab this property and provide common amenities that weren't available in the past such as a clubhouse, the covered pavilion, the splash park and the community garden," said Mary Ellen Judah, executive director of development owner Neighborhood Concepts Inc. "This property is located near downtown Huntsville in an area with a high concentration of public housing. These small amenities that many of us would take for granted are helping us create an environment that encourages community which is the first step in strengthening this neighborhood." Spring Branch, a 70-unit development, was funded in part by $565,399 in AHFA-administered Housing Credits.

If income growth is key for greater household formation, housing analysts say some recent progress on the salary front may soon unleash pent-up housing demand among younger adults. 

 

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ACRE Research reports that Alabama residential sales totaled 4,139 units in August, a decrease in sales growth of 2.1 percent from the same period a year earlier and 210 units shy of our monthly forecast. 

Nationally, sales were off 5.3 percent in August from the prior year.