HB110 Alabama 2012 Session

Summary

Primary Sponsor

Patricia Todd

Democrat

Session

Regular Session 2012

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

HB110 creates the Alabama Affordable Housing Act, establishing the Alabama Housing Trust Fund and an advisory committee to increase affordable housing for people with incomes at or below 60% of the area median income.

What This Bill Does

It creates the Alabama Housing Trust Fund in the state treasury, administered by ADECA, to fund production, rehabilitation, and maintenance of affordable housing. It sets minimum funding priorities (at least 50% for those at or below 30% of the median income and at least 40% for rural areas) and requires a statewide housing needs assessment every five years, annual performance reports, and a competitive funding process with input from an advisory committee. It also outlines eligibility for fund recipients, evaluation criteria, and rules to prevent concentration of funds and ensure long-term affordability.

Who It Affects

• Individuals and families with incomes at or below 60% of the area median income, with a special focus on those at or below 30% in rural or Balance of State areas, who would benefit from new or preserved affordable housing.
• Residents in rural areas and small cities (Balance of State) who would gain housing opportunities and funding for rural housing needs.
• Not-for-profit organizations, municipalities, counties, and public housing authorities that can apply for funding to develop, rehabilitate, or maintain affordable housing.
• For-profit developers that must partner with not-for-profit organizations to provide resident services when receiving funding.
• Populations prioritized by the act (disabled, elderly, victims of domestic violence, veterans, homeless or at risk, individuals with intellectual disabilities, living with HIV/AIDS, and mentally ill) who would be targeted by funded projects.

Key Provisions

• Establishes the Alabama Affordable Housing Act, the Alabama Housing Trust Fund, and the Alabama Housing Trust Fund Advisory Committee to increase housing opportunities for those at or below 60% of the median family income.
• Creates the Alabama Housing Trust Fund in the State Treasury; ADECA administers the fund, invests money, keeps records, sets withdrawal/allocation procedures, publishes annual distribution criteria, and conducts an annual independent audit.
• Requires an annual performance report and a statewide housing needs assessment every five years, including needs of people with disabilities, HIV/AIDS, homelessness, veterans, and the elderly.
• Directs ADECA to manage funding priorities, engage in contracts (with governments and not-for-profits, but not for-profit entities unless partnered with a not-for-profit), and seek additional funding sources; ADECA pays a governing fee not to exceed 10% of annual deposits.
• Allocates funds with no less than 50% of resources to households at or below 30% of the median income and no less than 40% to rural areas or Balance of State; funds must be used for production, rehabilitation, or long-term affordability, with priority for perpetuity affordability when possible.
• Requires at least 50% of funded housing activities to be awarded to eligible nonprofit developers when possible and establishes competitive rules for selecting funded activities with input from the advisory committee.
• Sets eligibility and design standards for funded housing (HQs, ADA compliance, and adherence to affordability duration rules); prioritizes housing for the identified populations and ensures proximity to transit and amenities where feasible.
• Limits any single related entity to no more than 15% of the state's annual trust fund allocation and requires conflict-of-interest protections for committee members and affiliates.
• Creates the Alabama Housing Trust Fund Advisory Committee (15-16 members) with diverse representation; outlines terms, removal rules, expenses, staffing, meeting requirements, and annual diversity reporting to the Legislature.

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