Alabama Housing Finance Authority

by: Iola Bonggay

The 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.

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Alabama Housing Finance Authority
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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

Second Mortgage Loan Program and Mortgage Credit Certificate for Homebuyers in North Carolina
One of the more popular programs is the FirstHome Mortgage Program for First Time Homebuyers which offer significantly low interest rates and a rather low fixed 30-year mortgage plan.

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Achieving the Dream Program for First Time Home Buyers in New York
One of the programs of the State of New York Mortgage Agency, is the Achieving the Dream Program wherein it seeks to provide eligible low income first time home buyers with really low down payment mortgage financing programs.

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First Time Homebuyer Programs in California
The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."

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Rehabilitation Mortgage Insurance Program
The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.

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