On June 12, AHFA announced the 20 multifamily housing developments selected by its Board of Directors to receive awards of 2018 HOME Investment Partnerships Program funds and/or Low-Income Housing Tax Credits. Of the approved applications, 11 are for new construction developments with 9 for the acquistion/rehabilitation of existing housing stock. A total of 1,103 housing units are expected to be built or renovated.
In addition, it was announced that Elm Street West, a proposed development in Montgomery, will receive an award from the Housing Trust Fund.
For a listing of funding approvals, visit http://www.ahfa.com/multifamily/allocation-application-information.