HECA

• Who We Are
• What We Do
  • Project Financing
  • Lending
• Purpose
• Projects and Grants
• What's New
• Housing and Community Development Resources

What We Do

HECA's mission is to substantially increase the supply of moderately priced housing in neighborhoods across Central Alabama.

HECA accomplishes this by providing project financing for the purpose of constructing, acquiring and or rehabilitating single family and multifamily dwellings priced to accommodate low- and moderate-income families.

HECA and the Housing Fund of Central Alabama also may jointly provide gap financing and/or more aggressive construction and acquisition loans or investments to qualified projects. Loans can be structured to provide up to 100% project financing with limited recourse.

• Read more about our loan products.
• Read one Real Estate Banker's perspective on why developers ought to utilize HECA financing. View the PDF document.
• Read more about our mission in our Purpose statement.
• Read an overview article on HECA.