Alabama Housing Finance Authority
by:
Iola BonggayThe process of acquiring a property is very much complicated. It's financially troubling and at the same time, mentally and physically draining. First time homebuyers are faced with so much issues and concerns when they decide to buy a house.
There are question pertaining to affordability, safety, practicality, and many others. This is where state government agencies come in. In the state of Alabama, the local government has constituted the Alabama Housing Finance Authority in an effort to address these aforementioned concerns.
The Alabama Housing Finance Authority, more commonly referred to as AHFA, is a public corporation which was established in the year 1980 under the Act No. 80-585 of the Alabama Legislature.
Since its conception, the Alabama Housing Finance Authority has been serving the housing needs of low- and moderate-income Alabamians by way of the creation of housing opportunities through the affordable financing of single- and multifamily housing.
(continued...)
Alabama Housing Finance Authority
Page 2
About The Author
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
She also maintains Websites providing resources on environmental grants and grants for youth programs.
|
Additional Resources
category - Home Buying Programs
California Homebuyer's Downpayment Assistance Program for First Time Home BuyersThe California Homebuyer's Downpayment Assistance Program is a deferred payment junior loan that can be used in conjunction with other CalHFA housing programs. It provides borrowers with funds amounting to 3% of the actual value of the property that they wish to inquire in order to cover the downpayment costs.
Urban Rehabilitation Homeownership Program for Homebuyers in ConnecticutIn accordance with this mission, the Connecticut Housing Finance Authority has established the Urban Rehabilitation Homeownership Program wherein it intends to home purchase loans at steady, below-market rates together with home improvement loans with no interest, all in an attempt to support homeownership and investment in selected Connecticut neighborhoods.
California Housing Finance AgencyThe California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.
First Time Homebuyer Programs in ConnecticutThe Connecticut Housing Finance Authority, otherwise known as CHFA, is a self-supporting quasi-public housing agency operating within the State of Connecticut. The agency was established in the year 1969 in an effort to address the concerns regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.