The Alaska Housing Finance Corporation offers down payment assistance or secondary financing options, with their Affordable Housing Enhanced Loan Program (AHELP). The program works together with governmental agencies, nonprofit agencies, and regional housing authorities.

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January 22, 2018
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Affordable Housing Enhanced Loan Program

Financial Assistance for Homebuyers in Alaska

The Alaska Housing Finance Corporation offers down payment assistance or secondary financing options, with their Affordable Housing Enhanced Loan Program (AHELP). The program works together with governmental agencies, nonprofit agencies, and regional housing authorities.

To qualify for assistance, borrowers are required to meet the individual provider’s requirements. Some of the guidelines are as follows:
 
  • Only owner-occupied, single-family homes, condominiums, and units in a Common Interest Community and Type I manufactured homes are eligible for the program
  • Any property built prior to 1992 must undergo and authorized home inspection
  • Borrowers cannot be owners of secondary residential property in the same area
  • To be eligible for AHELP, borrowers must enroll in an approved homebuyer education class. 
The following organizations provide down payment assistance to borrowers purchasing homes with AHFC's AHELP loan option. Funds are subject to availability, and borrowers must meet the organization's guidelines.

ANCHORAGE AREA

Cook Inlet Lending Center
3510 Spenard Road, Suite 102
Anchorage, AK 99503
907-793-3058
907-793-3079 (fax)
Email: info@cookinletlending.com

Anchorage Neighborhood Housing Services, Inc.
dba NeighborWorks® Alaska
2515 A St
Anchorage, AK 99503
907-677-8490

North Pacific Rim Housing Authority 
8300 King Street 
Anchorage, AK  99518 
907-562-1444 
907-562-1445 (fax)


SOUTHCENTRAL (EXCLUDING ANCHORAGE)

Alaska Community Development Corporation (ACDC)
1517 S. Industrial Way, Suite 8
Palmer, AK 99645
907-746-5680
907-746-5681 (fax)


FAIRBANKS AREA

Fairbanks Neighborhood Housing Services (FNHS)
534 10th Ave.
Fairbanks, AK 99701
907-451-7230
907-451-7236 (fax)

Interior Regional Housing Authority (IRHA)
828 27th Ave.
Fairbanks, AK 99701
907-452-8315
907-456-8941 (fax)


SOUTHEAST

Alaska Community Development Corporation (ACDC)
1517 S. Industrial Way, # 8
Palmer, AK 99645
907-746-5680
907-746-5681 (fax)

Tlingit-Haida Regional Housing Authority (THRHA) and/or Haa Yakaawu (for NHASDA only)
5446 Jenkins
Juneau, AK 99803
907-780-6868
907-780-6895 (fax)

Down Payment Grants in Alaska

The Alaska Housing Finance Corporation offers down payment assistance or secondary financing options, with their Affordable Housing Enhanced Loan Program (AHELP). The program works together with governmental agencies, nonprofit agencies, and regional housing authorities.

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