Housing Trust Fund
The Housing Trust Fund from Alabama Housing Finance Authority funds new construction of affordable rental homes for extremely low-income Alabamians, with a focus on homeless, veterans, and people with disabilities.
Funder: Alabama Housing Finance Authority
Due Dates: Annually recurring; next expected cycle opens early 2027 (check AHFA application page for updates)
Funding Amounts: Up to $1,350,000 per project; typical annual allocation for the state is ~$3.1M; 30-year affordability required.
Summary: Supports new construction of affordable rental housing for extremely low-income Alabamians, especially homeless, veterans, and people with disabilities.
Key Information: Competitive, point-based application; strict compliance and documentation required; 30-year minimum affordability period.
Description
The Alabama Housing Finance Authority (AHFA) administers the National Housing Trust Fund (HTF) to support the development of new, safe, and sanitary rental housing for extremely low-income (ELI) populations in Alabama. The program prioritizes projects serving homeless individuals, veterans, those at risk of homelessness, and people with physical or mental disabilities, with a focus on underserved rural areas. Funds are awarded through a competitive, annually recurring application cycle, using a point-based scoring system that assesses project impact, applicant experience, leveraging, and service to targeted populations.
