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Proposed legislation to fund the AHTF.This sort of revenue is just a funding that is common for housing trust funds across the country.

The bill, sponsored by Rep. short term loan Maine Neil Rafferty, D-Birmingham, would boost the home loan record income tax from 15 cents to 20 cents for virtually any $100 of home financing. This will place more or less $15 million per 12 months into the AHTF. In Alabama, this taxation is not increased as it was enacted in 1935.

We all know that two-thirds of Alabamians (67%) start to see the not enough affordability as a challenge within our state and that a majority that is strong63%) of Alabamians are ready for state action to boost housing possibilities for households priced from the market. Continue Reading…