Board of Directors Meets September 21

AHFA's Board of Directors met in September and approved the following items: 
  • The Multifamily Division's draft 2017 HOME Investment Partnerships Program Action Plan and Housing Credit Qualified Allocation Plan (see next article for further information)
  • The issuance of $10 million in Multifamily Bonds for the construction of The Park at Sydney Drive in Birmingham, a new 120-unit rental housing facility
  • Amendments to AHFA's Multifamily Bond policy
  • AHFA's FY2017 budget
Multifamily Division to Hold Public Hearing

AHFA's Multifamily Division will conduct a public hearing concerning the proposed 2017 HOME Investment Partnerships Program Action Plan and the Housing Credit Qualified Allocation Plan on Tuesday, October 11, 2016, at 10 a.m. at Staybridge Suites, located on Eastchase Parkway in Montgomery.
The proposed Plans and 2017 Plan Comment Form are available for download at  

Interested parties are invited to submit written or oral comments. Persons desiring to present oral comments should appear at the public hearing on October 11, 2016.

Written comments must be submitted using the AHFA-required 2017 Plan Comment form located at and must be received by AHFA by 5 p.m. CST on November 10, 2016
Requests for copies must be submitted in writing to the attention of HOME Technician Ketcia Barlow, Alabama Housing Finance Authority, P.O. Box 242967, Montgomery, Alabama 36124-2967 or 7460 Halcyon Pointe Drive, Suite 200, Montgomery, AL  36117.

Realtor Spotlight:
Thomas Patterson | Montgomery Metro Realty, Montgomery

Thomas Patterson has been a Realtor in the Montgomery area for nearly six years. He is an active member of the Montgomery Area Association of Realtors and heard about AHFA programs from an AHFA employee who was a guest speaker at a local Realtor luncheon.
Q: How long have you worked with the Step Up program?
A: My very first client used Step Up to buy their first home. Coincidentally, I later got a referral from that client and helped his brother and wife buy a house too, also using the Step Up program.
Q: What do you think is the greatest benefit of Step Up?
A: From a qualified buyer's perspective, it allows them to make a very low down payment in case they don't have a large amount of cash or maybe would like to keep that cash on hand in case they need it for unforeseen expenses. It can really help people who want to purchase a home do it sooner than they think.
Q: What do you like most about Step Up?
A: I like the Step Up program because it works and doesn't drag out the homebuying process. We can go from house shopping to contract to closing in a normal amount of time. You can't say that about a lot of special programs. 
Q: What do you find most rewarding about your job?
A: I really enjoy assisting homebuyers during the entire process from beginning to end, and helping them buy a house they have picked out and are excited about. 
AHFA Polls Nonprofits to Better Serve Alabama CHDOs

AHFA recently surveyed nonprofit organizations to determine how best to design the 15 percent HOME Program set-aside for Community Housing Development Organizations (CHDOs). 

We received great feedback that will be valuable to the development of low-income housing in Alabama and will help us prepare future HOME Action Plans and training opportunities.

Click through to read the key findings from the survey:
AHFA Staff Members Attend National Conference

AHFA staff members participated in the 2016 annual conference of the National Council of State Housing Agencies on September 24-27. NCSHA's Annual Conference & Showplace is the main networking event of the year for HFAs and the partners who work with them to increase housing opportunities through the financing, development, and preservation of affordable housing.

During the event, participants exchanged ideas on the latest developments in communications, finance, governance, homeownership, human resources, information technology, legal, management innovation, rental, special needs housing, and sustainable housing.

Self-Service Payment Options Are Available for ServiSolutions Customers

Did you know that you can pay your mortgage payment without having to wait on hold for a customer service agent?

Pay online via Customer CareNet at You can also use the automated phone pay option by dialing 866.339.2432 (855.819.8081 in WA) and selecting option 1.

Non-agent options are available 24/7/365. Fees vary.
Alabama Housing Finance Authority | 334.244.9200 | Email | Website

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