Alabama Housing Finance Authority
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HOME program regulations require that all new construction projects funded with HOME must meet a 20-year affordability period.
As administrator of the HOME program, AHFA staff monitors the operations of each HOME project to assess and/or identify any risks that may develop during the affordability period and has established specific requirements to ensure the project continues to be viable. AHFA reviews the projects' financial statements, budgets, reserve account balances and capital requirements from the time of the HOME loan closing to the end of the 20-year affordability period.
Questions? Need assistance? Contact AHFA.