HB349 Alabama 2011 Session

Summary

Primary Sponsor

Patricia Todd

Democrat

Session

Regular Session 2011

Title

Housing Trust Fund and Housing Trust Fund Advisory Committee, established to provide housing opportunities for low to moderate income households, members, duties, Economic and Community Affairs Department to administer, Affordable Housing Act

Summary

HB349 creates the Alabama Affordable Housing Act, establishing the Alabama Housing Trust Fund and a statewide advisory committee to expand safe, affordable housing for households at or below 60% of the area median income, managed by ADECA.

What This Bill Does

It creates the Alabama Housing Trust Fund in the State Treasury and names ADECA to administer it. It allows grants and loans to increase housing production, rehabilitation, and maintenance for households at or below 60% of the local median income, with at least 50% of funds directed to those at or below 30% AMI and at least 40% reserved for rural areas. It requires funded housing to meet HUD quality standards and ADA design rules, maintain affordability for a defined period, and prioritizes long-term affordability where possible. It also establishes a 15-member Alabama Housing Trust Fund Advisory Committee to guide ADECA, oversee rules, and report on progress, with processes for funding decisions, audits, and needs assessments.

Who It Affects

• Individuals and families whose income is at or below 60% of the area median income, who would gain access to affordable ownership or rental housing.
• Subgroups including disabled, elderly, victims of domestic violence, veterans, homeless or at risk of homelessness, those with intellectual disabilities, living with HIV/AIDS, and those with mental illness, who are prioritized for funding and services.
• Local governments and housing providers (not-for-profit and for-profit) eligible to apply for funding, with for-profit entities required to partner with not-for-profits for resident services.
• Rural communities, which are targeted to receive a significant portion of funds to improve housing opportunities and economic conditions.

Key Provisions

• Establishes the Alabama Housing Trust Fund in the State Treasury and designates ADECA to administer it, with the Alabama Housing Trust Fund Advisory Committee providing guidance.
• Funds may be used for production, rehabilitation, maintenance of affordable housing, down payment assistance, predevelopment costs, and resident services (capped at 20% of annual funds) through grants or loans, including revolving loan funds and needs assessments.
• Sets funding priorities: at least 50% of resources to households at or below 30% of the state median income and at least 40% to rural areas; limits related entities to no more than 15% of the annual allocation; emphasizes working with nonprofit developers when possible.
• Requires funded housing to meet HUD HQS, ADA design standards, and affordability duration requirements, with a bias toward long-term affordability (perpetuity when possible).
• Creates a 15-member advisory committee with diverse representation, delineates terms, meeting and conflict-of-interest rules, and provides for reimbursement of expenses and possible staff support for the committee.
• Requires ADECA to publish annual funding criteria, conduct annual audits, prepare annual performance reports, and perform a statewide housing needs assessment at least every five years; ADECA retains final decision-making authority on fund operations, with input from the advisory committee.
• Eligible applicants include not-for-profit organizations, municipalities, counties, public housing authorities, and for-profit entities (which must partner with not-for-profits to provide resident services).

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Housing