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24-10-3
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 to develop and maintain a viable
and stable economy. The establishment of the Alabama Housing Trust Fund is intended to: (1)
Provide a flexible source of funding for all Alabama communities to address their affordable
housing needs. (2) Help families attain economic stability. (3) Revitalize blighted and distressed
neighborhoods by creating safe, decent, and affordable housing. (4) Contribute to economic
growth through increased housing production, employment, and tax revenue, thereby benefiting
all Alabama residents. (5) Alleviate deficiencies in the supply of safe, decent, and affordable
housing for residents with incomes at or below 60 percent of the...
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41-23-192
Section 41-23-192 Legislative findings. The Legislature finds and declares the following: (1)
Alabama is in need of more safe and affordable public transportation options for residents
and visitors. (2) Inadequate and inefficient public transportation in Alabama adversely affects
a community's ability to develop and maintain a viable and stable economy. (3) The establishment
of the Alabama Public Transportation Trust Fund is intended to do all of the following: a.
Provide a flexible source of funding for all Alabama communities to address their public transportation
needs. b. Help families attain economic stability. c. Connect people to work opportunities
and meet other vital transportation needs. d. Contribute to economic growth through increased
employment in operating and maintaining public transportation infrastructure. e. Increase
tax revenue by improving the ability of people to access work and purchase goods and services,
thereby benefiting all Alabama residents. f. Alleviate...
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41-10-46.01
Section 41-10-46.01 Investment by qualified funds. (a) Any qualified fund may invest at least
three percent of its corpus in one or more approved opportunity funds. (b) The following terms
shall have the following meanings: (1) "ADECA" shall mean the Department of Economic
and Community Affairs. (2) "Approved opportunity fund" shall mean any fund approved
by ADECA as meeting all of the following: a. ADECA determines that the fund has the capacity
to improve Alabama's low-income opportunity zone communities by approving an application showing
all of the following: 1. The amount of existing committed capital or potential to raise committed
capital. 2. The investment track record or strength of the applicant's management team. 3.
The existing project pipeline or strategy for developing new pipeline. 4. The fund structure
and anticipated returns within that fund structure. 5. The presence of sound legal, accounting,
and compliance policies and procedures. 6. A strategy for measuring,...
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11-96A-1
Section 11-96A-1 Legislative declarations. It is hereby declared that a lack of sanitary, safe,
and affordable dwelling accommodations for persons of moderate and low income and shelters,
halfway houses and emergency housing for persons who would otherwise be homeless exists in
various municipalities and rural areas of the state. Consequently, persons of low and moderate
income are forced to reside in and use unsafe and unsanitary dwellings and certain other persons
are unable to afford any dwelling accommodations at all. These conditions which cause an increase
in and spread of disease and crime constitute a menace to the health, safety, morals, and
welfare of the citizens of the state. It is a matter of public interest to provide safe and
sanitary housing for the low and moderate income citizens and shelter for homeless persons,
to alleviate such conditions and to encourage economic development, to increase employment
in housing construction and related businesses and to create and...
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24-10-8
Section 24-10-8 Alabama Housing Trust Fund Advisory Committee - Composition; expenses; staff.
(a) There is created the Alabama Housing Trust Fund Advisory Committee for the purpose of
advising the Director of ADECA and staff of the department with respect to the Alabama Housing
Trust Fund. (b) The membership of the advisory committee shall be inclusive and reflect the
racial, gender, geographic, urban/rural and economic diversity of the state. The advisory
committee shall annually report to the Legislature by the second legislative day of each regular
session the extent to which the advisory committee has complied with the diversity provisions
provided for in this chapter. (c) Each member of the advisory committee should have a demonstrated
interest in the housing needs of individuals and families with extremely low incomes to incomes
at 60 percent of median family income and the revitalization of distressed neighborhoods.
(d) The advisory committee shall consist of 16 members and...
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41-15B-2.2
Section 41-15B-2.2 Allocation of trust fund revenues. (a) For each fiscal year, beginning October
1, 1999, contingent upon the Children First Trust Fund receiving tobacco revenues and upon
appropriation by the Legislature, an amount of up to and including two hundred twenty-five
thousand dollars ($225,000), or equivalent percentage of the total fund, shall be designated
for the administration of the fund by the council and the Commissioner of Children's Affairs.
(b) For the each fiscal year, beginning October 1, 1999, contingent upon the Children First
Trust Fund receiving tobacco revenues, the remainder of the Children First Trust Fund, in
the amounts provided for in Section 41-15B-2.1, shall be allocated as follows: (1) Ten percent
of the fund shall be allocated to the Department of Public Health for distribution to one
or more of the following: a. The Children's Health Insurance Program. b. Programs for tobacco
control among children with the purpose being to reduce the consumption...
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24-10-6
Section 24-10-6 Purpose. The Alabama Affordable Housing Act is established for the following
purposes: (1) To increase the production of housing units and home ownership and to preserve
the supply of rental housing that is affordable to individuals and families with incomes at
or below 60 percent of the median family income. (2) To maintain and rehabilitate existing
affordable housing units to insure their continued availability to individuals and families
with incomes at or below 60 percent of the median family income. (3) To serve individuals
and families living at or below 60 percent of the median family income. No less than 50 percent
of the resources placed into the fund each year shall be used to serve individuals and families
with household incomes at or below 30 percent of the median family income as determined by
the U.S. Department of Housing and Urban Development. (4) To annually distribute, when possible,
a majority of the proceeds from the trust fund to eligible nonprofit...
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41-18-1
Section 41-18-1 Text. Article I. Findings and Purposes. (a) The party states find that the
South has a sense of community based on common social, cultural and economic needs and fostered
by a regional tradition. There are vast potentialities for mutual improvement of each state
in the region by cooperative planning for the development, conservation and efficient utilization
of human and natural resources in a geographic area large enough to afford a high degree of
flexibility in identifying and taking maximum advantage of opportunities for healthy and beneficial
growth. The independence of each state and the special needs of subregions are recognized
and are to be safeguarded. Accordingly, the cooperation resulting from this agreement is intended
to assist the states in meeting their own problems by enhancing their abilities to recognize
and analyze regional opportunities and take account of regional influences in planning and
implementing their public policies. (b) The purposes of...
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24-10-4
Section 24-10-4 Alabama Affordable Housing Trust Fund. The Alabama Affordable Housing Trust
Fund is created in the State Treasury for the collection and distribution of designated funds
for the purpose of increasing the production of housing units, rehabilitating existing housing
units, and maintaining such housing so that it can be made affordable to individuals and families
whose incomes are at or below 60 percent of the median family income. The Alabama Housing
Trust Fund shall be administered by ADECA which shall appoint an advisory committee as prescribed
in Section 24-10-8 to advise the Director of ADECA as to program components and operations.
(Act 2012-384, p. 1015, ยง4.)...
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24-7A-2
Section 24-7A-2 Establishment of authority. There is created and established an Indian housing
authority for the jurisdiction of the State of Alabama, to be styled the Alabama Indian Housing
Authority. Its purpose shall be to provide safe and decent dwelling places for low-income
persons and families in Indian areas. The authority shall consist of five members who shall
be appointed by the commission from nominations submitted to the commission from the tribal
councils of the following tribal governments: (1) Cherokees of Southeast Alabama. (2) Cherokees
of Northeast Alabama. (3) Echota Cherokees. (4) Machis Creeks. (5) Star Clan of Muscogee (Creeks).
No person shall be barred from serving as a member of the authority because the person is
a tenant or home buyer in a tribal housing project. Members of the authority shall serve a
term of three years from their appointment, and may serve an unlimited number of terms. In
the event of a vacancy on the authority, the commission shall...
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