Housing Trust Fund
The Housing Trust Fund from Alabama Housing Finance Authority supports research-driven new construction of affordable rental housing for extremely low-income and underserved populations in Alabama.
Funder: Alabama Housing Finance Authority
Due Dates: Annually, typically in spring; next expected cycle: Spring 2027 (exact date posted on AHFA site)
Funding Amounts: Up to $1,350,000 per project and $108,750–$231,000 per unit (by bedroom); 30-year minimum affordability.
Summary: Supports new construction of affordable rental housing for extremely low-income (ELI) Alabamians, prioritizing homeless, veterans, disabled, and rural underserved populations.
Key Information: Highly competitive; strict application formatting and completeness required for consideration.
Description
The Alabama Housing Finance Authority (AHFA) administers the National Housing Trust Fund (HTF) to expand the supply of new, decent, safe, and sanitary rental housing for extremely low-income (ELI) populations in Alabama. The program prioritizes assistance for homeless and at-risk individuals, U.S. veterans, and people with physical or mental disabilities, with a focus on underserved rural communities. Funding is awarded through an annual, competitive application cycle that uses a point-based scoring system emphasizing geographic diversity, applicant capacity, service to priority populations, leveraging, and long-term affordability.
