Frequently Asked Questions
Q: How much can a homeowner/homebuyer receive in AHC funds?
A: Funds of up to $75,000 per unit may be available.
Q: I have an AHC grant, and I want to sell my home. What do I do?
A: You may either find an income qualified family to assume your AHC note and mortgage, or you may repay the remainder of your loan.
Q: I have other questions about my existing AHC grant. Who can I contact?
A: Please contact the original source (AHC Grantee) that awarded you the funds. If your Grantee no longer exists as a current Grantee on our list, please e-mail your name and address with your question to [email protected].
Q: How can I obtain a satisfaction for my AHC lien?
A: Once a homeowner has lived out the term of the AHC note and mortgage, a satisfaction may be issued. To find out more, please contact your corresponding Grantee.
Q: I'm looking to refinance or take out another mortgage. How can I subordinate the AHC lien?
A: Subordination requests are considered on a case-by-case basis. The homeowner should work in conjunction with the corresponding Grantee to submit the appropriate request documents. See the AHC subordination request form.
Q: How do I obtain approval of an AHC assumption?
A: AHC has final determination over whether or not to grant an assumption. However, the homeowner should work in conjunction with the corresponding Grantee to submit the appropriate request documents.
Q: How much is my AHC repayment?
A: To determine the amount of your repayment obligation, please see the repayment chart.