A Housing Trust Fund in Alabama

The Low Income Housing Coalition of Alabama (LIHCA) is supporting legislation that will increase housing opportunities in Alabama for working families, people with disabilities, veterans, and the aging population. With the leadership of Representative Patricia Todd, we have a bill that will create a state Housing Trust Fund, but we need your help. Please join us in our support of the Housing Trust Fund bill, described below....Read More


AABC is "Lead State Alabama Organization" for CFED

AABC has been selected to be CFEDs Lead State Organization (LSO)....Read More


AABC is Chair of AEI initiative

The AEI is the FDIC's national initiative to establish broad-based coalitions of financial institutions, community-based organizations and other partners in several markets across the country to bring unbanked and underserved populations into the financial mainstream....Read More


AABC Payday Lending Video

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Alabama Gets an "F" grade from CFED

AABC is the lead state agency for CFED’s (Corporation For Enterprise Development) “Assets and Opportunity Network. “ CFED recently published its “2012 Asset Score Card” where Alabama received a grade of “F.”...Read More


Alabama's Asset and Opportunity Scorecard

Learn More about Alabama's National Ranking in Assets and Opportunities for all citizens....Read More


Analysis of Payday Lending in Alabama

 Commissioned by the Alabama Asset Building Coalition....Read More


Asset Building in the 2012 Legislative Session

The 2012 session of the Alabama Legislature produced mixed results for asset-building advocates....Read More


Auburn professors: Why can't banks provide payday-style loans without payday-style rates?

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Auburn University study examines whether Democrats or Republicans are more likely to restrict payday lending

There is no significant correlation of regulatory leniency of the payday lending industry on whether states are controlled by Democrats or Republicans, a new Auburn University study suggests....Read More


Balancing Act is Needed

Bills to offer incentives for economic development have been on a fast track in the opening days of the 2012 Alabama legislative session....Read More


Bank On South Alabama Launches

Critics of Alabama's 456 percent cap on payday loans say the financial tools hurt poor borrowers the most by plunging them into a never-ending cycle of debt....Read More


Banks Interested in Payday Lending?

The other week I saw an article featured in the Birmingham news from the associated press that reported major banks are getting into Payday Lending....Read More


Get Your Taxes Done for Free

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Montgomery NAACP shows dangers of predatory lending

Driving down Fairview Avenue or Atlanta Highway, passersby will see flocks of signs advertising “easy money” in the form of payday and title loans, but Hersheil Mann wants people to know that money is never easy.  ...Read More


Payday Lending Study

Barriers to Neighborhood-Level Economic Growth: Do Payday Lending Operations Prey on Economically Vulnerable African American Neighborhoods?...Read More


President Obama to speak about Payday Lending

March 25, 2015 in Birmingham....Read More


Self-Employment Assistance Program

As our economy seeks to recover from the past years of economic downturn, it’s important that our government (state and federal), implement policies that help to spur economic growth not just for investment by large corporations, but by small entrepreneurs as well.  ...Read More


Small Dollar Lending

A new report on small dollar loan products.  It was produced by the Center of Economic and Policy Research....Read More


The Alabama Asset Building Coalition names Kenneth Walker, Executive Director

 AABC is proud to announce our new Executive Director, Kenneth Walker...Read More