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.
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
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
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