Section 24-9-10 – Incorporation of Local Authority.
Section 24-9-10 Incorporation of local authority. (a) If the number of tax delinquent properties in a municipality exceeds 100, then the governing body of a municipality may adopt a resolution declaring that it is wise, expedient, and necessary that a local authority be formed by the municipality by the filing for record of a certificate […]
Section 24-11-5 – Account Holder Responsibilities.
Section 24-11-5 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION, EFFECTIVE MARCH 28, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Account Holder Responsibilities. The account holder shall do all of the following: (1) Not use funds held in a first-time and second chance home buyer savings account to […]
Section 24-10-1 – Short Title.
Section 24-10-1 Short title. This chapter shall be known as and may be cited as the Alabama Affordable Housing Act. (Act 2012-384, p. 1015, §1.)
Section 24-11-6 – Responsibilities of Financial Institutions.
Section 24-11-6 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION, EFFECTIVE MARCH 28, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Responsibilities of Financial Institutions. (a) A financial institution shall be required to do the following: (1) Create a new account for the first-time and second chance home buyer […]
Section 24-10-2 – Definitions.
Section 24-10-2 Definitions. When used in this chapter, the following words shall have the following meanings: (1) ADVISORY COMMITTEE. The Alabama Housing Trust Fund Advisory Committee. (2) ALABAMA DEPARTMENT OF ECONOMIC AND COMMUNITY AFFAIRS (ADECA). As established by Section 41-23-1. (3) ALABAMA HOUSING TRUST FUND. The trust fund created pursuant to Section 24-10-4. (4) SIXTY […]
Section 24-11-7 – Deduction of Contributions, Exclusion of Earnings, and Limitations.
Section 24-11-7 Deduction of contributions, exclusion of earnings, and limitations. THIS SECTION WAS AMENDED BY ACT 2022-223 IN THE 2022 REGULAR SESSION, EFFECTIVE APRIL 4, 2022. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) Except as otherwise provided in this chapter and subject to the limitations under this section, a first-time and second chance […]
Section 24-8A-2 – Definitions.
Section 24-8A-2 Definitions. For the purposes of this chapter, the following terms shall have the following meanings: (1) ASSISTANCE ANIMAL. An animal, other than a service animal, that qualifies as a reasonable accommodation under the Fair Housing Act, Public Law 90-284, 42 U.S.C. § 3601, et seq., or Section 504 of the Rehabilitation Act of […]
Section 24-10-3 – Legislative Findings.
Section 24-10-3 Legislative findings. (a) It is hereby found and declared that Alabama is in need of more safe, decent, and affordable housing for residents with incomes at or below 60 percent of the median family income. (b) It is further declared that the lack of affordable housing in Alabama adversely affects a community’s ability […]
Section 24-11-8 – Penalty for Withdrawal for Purpose Other Than Eligible Costs.
Section 24-11-8 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION, EFFECTIVE MARCH 28, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Penalty for Withdrawal for Purpose Other Than Eligible Costs. Except as otherwise provided in this section, if the account holder withdraws any funds from a first-time and second […]
Section 24-8A-3 – Documentation Requirements.
Section 24-8A-3 Documentation requirements. (a) A landlord who receives a request from a person to make an exception to a policy of the landlord that prohibits animals on the property of the landlord because the person requires the use of an assistance animal may require the person to produce reliable documentation of the following: (1) […]