Code of Alabama - Title 24: Housing - Chapter 10 - Alabama Affordable Housing Act

• Section 24-10-1 Short title
  This chapter shall be known as and may be cited as the Alabama Affordable Housing Act.
• Section 24-10-2 Definitions
  When used in this chapter, the following words shall have the following meanings: (1) ADVISORY COMMITTEE. The Alabama Housing Trust Fund Advisory Committee. (2) ALABAMA...
• Section 24-10-3 Legislative findings
  (a) It is hereby found and declared that Alabama is in need of more safe, decent, and affordable housing for residents with incomes at or...
• Section 24-10-4 Alabama Affordable Housing Trust Fund
  The Alabama Affordable Housing Trust Fund is created in the State Treasury for the collection and distribution of designated funds for the purpose of increasing...
• Section 24-10-5 Duties of Department of Economic and Community Affairs
  (a) The Alabama Housing Trust Fund shall be maintained and administered by ADECA. ADECA is authorized and directed to do all the following: (1) Invest...
• Section 24-10-6 Purpose
  The Alabama Affordable Housing Act is established for the following purposes: (1) To increase the production of housing units and home ownership and to preserve...
• Section 24-10-7 Requirements for eligibility
  (a) In order for a proposal to be an activity eligible for support, the following minimum requirements must be met: (1) Beneficiaries of the activity...
• Section 24-10-8 Alabama Housing Trust Fund Advisory Committee - Composition; expenses; staff
  (a) There is created the Alabama Housing Trust Fund Advisory Committee for the purpose of advising the Director of ADECA and staff of the department...
• Section 24-10-9 Alabama Housing Trust Fund Advisory Committee - Responsibilities
  The committee's responsibilities shall include the following: (1) Review and advise ADECA staff on all policies and procedures for operation of the Alabama Housing Trust...
• Section 24-10-10 Organizations eligible for funding
  The following organizations shall be eligible to apply to ADECA for funding: (1) Not-for-profit organizations. (2) Municipalities. (3) Counties. (4) Public housing authorities. (5) For-profit...
• Section 24-10-11 Ownership requirements
  All home ownership projects funded by the Alabama Housing Trust Fund must follow the same ownership requirements of the current Alabama Habitat for Humanity home...

Last modified: May 3, 2021