Alaska Down Payment and Homeownership Assistance


Every state has down payment or homeownership assistance programs; some states have both. The programs are designed to provide affordable housing opportunities to homebuyers who might not ordinarily be able to afford a house.

Each program can have their own income and eligibility requirements but primarily the programs are available for first-time homebuyers or low-income families.

Keep in mind if you had no ownership in a principal residence in the previous 3 years, you are also considered a first-time homebuyer even if you owned a home prior to that 3-year period.

The programs are not usually administered directly through the State. Instead, they are nonprofit based and handled through a third party agency. The list below will start you on your search but be sure to confirm the program is currently available.

(Source: HUD.gov)

Statewide Programs

Alaska Housing Finance Corporation (AHFC) – homebuyer programs, including downpayment and closing cost assistance

Habitat for Humanity – through volunteer labor, builds and rehabilitates houses for families in need

USDA Rural Development Office – homebuyer programs in rural communities

Community contacts – find out if your community offers homeownership assistance

Section 184 Indian Housing Loan Guarantee Program

Rural Community Action Program, Inc.

Municipality of Anchorage Department of Neighborhoods Affordable Homeownership Program

Juneau Economic Development Council’s Affordable Housing Trust Fund

Alaska Community Development Corporation

Programs by City/Town

NeighborWorks – Anchorage – 3700 Woodland Drive, No. 500, (907) 677-8490 –
Interest rate reduction program

NeighborWorks – Fairbanks – (907) 451-7230 – Down-payment assistance

Juneau Housing First – Organization – 119 Seward Street, #4, Juneau, AK 99801
(907) 463-1276

Tlingit-Haida Regional Housing Authority (THRHA) – Juneau, (907) 780-6868

Cook Inlet Housing Authority – 3510 Spenard Road, Suite 201, Anchorage, AK 99503
(907) 276-8822 – Anchorage Bowl Area: 1st-time Homebuyers, Alaska Native and Native American.

Regional Housing Authorities offering housing opportunities to Alaska Native/Native American families across the state:

Aleutian Housing Authority; Anchorage – Phone: (907) 563-2146

AVCP Regional Housing Authority; Bethel – Phone: (907) 543-3121

Baranof Island Housing Authority; Sitka – Phone: (907) 747-5088

Bering Straits Regional Housing Authority; Nome – Phone: (907) 443-5256

Bristol Bay Housing Authority; Dillingham – Phone: (907) 842-5956

Copper River Basin Regional Housing Authority; Copper Center -Phone: (907) 822-3633

Interior Regional Housing Authority; Fairbanks – Phone: (907) 452-8315

Kodiak Island Housing Authority; Kodiak – Phone: (907) 486-8111

Metlakatla Housing Authority; Metlakatla – Phone: (907) 886-6500

North Pacific Rim Housing Authority; Anchorage – Phone: (907) 562-1444

Northwest Inupiat Housing Authority; Kotzebue – Phone: (907) 442-3450

Tagiugmiullu Nunamiullu Housing Authority; Barrow – Phone: (907) 852-7150