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AHC Homeowner Compliance FAQ's

AHC Homeowner Compliance FAQ's
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Frequently Asked Questions

Q: How much can a homeowner receive in AHC funds?
A:  For home improvement projects, funds of up to $40,000 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. To see the AHC subordination request form, click here.

 

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 click here for the repayment chart.