GRANTRADAR/Grant Programs/Step Up Down Payment Assistance Program
Alabama StateDirect GrantStackable

Step Up Down Payment Assistance Program

Administered by Alabama Housing Finance Authority (AHFA) · Alabama

BENEFIT
3% credit
Deadline type: rolling

Eligibility Requirements

  • 1Up to 3% of purchase price for down payment assistance
  • 210-year second mortgage structure
  • 3Credit score minimum 620
  • 4Annual income must not exceed $97,300

Eligible Project Types

ResidentialAffordable Housing
STACKING POTENTIAL

Step Up Down Payment Assistance Program is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN
View the Step Up Down Payment Assistance Program compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.