The Fund

• Who We Are
• What We Do
  • Grant Requirements (pdf)
  • Grant Checklist (pdf)
  • Non-Profit Incubator
• Purpose
• Projects and Grants
• What's New
• Housing and Community Development Resources

What We Do

The Housing Fund of Central Alabama provides grants to non-profits for core operating support on a limited basis, technical assistance and programs related to capacity building in the affordable housing development community.

The Fund also may partner with HECA to jointly provide gap financing to qualified private and non-profit developers. This may take the form of a grant, mezzanine debt or a forgivable loan. This partnership capability is unique in the region, and was purposeful on the part of the founders of the Fund and HECA.

Organizations eligible for Fund grants are non-profits with a focus on significantly increasing the supply of moderately priced housing in the Fund's 12-county footprint. This includes organizations whose mission is to build or rehabilitate single-family, for-sale homes or multifamily rental units for families of modest means, or those that provide homeownership counseling and assistance in qualifying clients for homeownership opportunities.

• See Guidelines for Grant Applications. View the PDF document.
• Read about the Fund's Incubator, which will open in fall 2005 for non-profit affordable housing developers and homeownership counselors.
• Read more about our goals in our Purpose statement.