Affordable Housing Enhanced

The Affordable Housing Enhanced Loan program (AHELP) is designed to work in partnership with other agencies to promote affordable home ownership. It helps Alaska Housing meet its core mission of providing quality, safe, affordable housing and serving low to moderate income Alaskan borrowers. Homeownership helps improve quality of life for families and individuals, and strengthens neighborhoods and communities.

With AHELP, qualified borrowers receive down payment assistance or secondary financing. The assistance may be a grant, deferred payment(s), a forgivable loan or a combination of these options and may come from a local, state or federal governmental agency, nonprofit agency or regional housing authority. Borrowers must meet the provider's requirements.

Additional Considerations

  • Borrowers may not own other residential real property in the same general area.
  • Eligible properties are limited to owner-occupied single-family homes, condominiums, units in a Common Interest Community and Type I manufactured homes.
  • Homes that are 10 years old or older must be inspected by an authorized home inspector.
  • Borrowers must participate in an approved homebuyer education class. If there are two borrowers, only one is required to complete a class.

HOW TO APPLY

Nonprofit organizations that provide down payment assistance

The following organizations provide down payment assistance to borrowers purchasing homes with Alaska Housing’s AHELP loan option. Funds are subject to availability, and borrowers must meet the organization's guidelines.

ANCHORAGE AREA

Cook Inlet Lending Center NMLS #: 269839
3600 Spenard Road, Suite 100
Anchorage, AK 99503
907-793-3058
907-793-3079 (fax)
Email:info@cookinletlending.com
http://cookinletlending.com/

NeighborWorks Alaska Homeownership Center NMLS# 1731415
2515 A St
Anchorage, AK 99503
907-677-8490
Email:info@nwalaska.org
http://www.nwalaska.org/

North Pacific Rim Housing Authority
8300 King Street
Anchorage, AK 99518
907-562-1444
907-562-1445 (fax)
888-274-1444 (throughout Alaska)
http://www.nprha.com/

SOUTHCENTRAL (EXCLUDING ANCHORAGE)

Alaska Community Development Corporation (ACDC) NMLS# 358478
1517 S. Industrial Way, Suite 8
Palmer, AK 99645
907-746-5680
907-746-5681 (fax)
800-478-8080 (throughout Alaska)
800-478-1530 (fax)
http://www.alaskacdc.org/

FAIRBANKS AREA

Fairbanks Neighborhood Housing Services (FNHS) NMLS: 266203
1427 Gilliam Way
Fairbanks, AK 99701
907-451-7230
907-451-7236 (fax)
http://www.fnhs.org/

Interior Regional Housing Authority (IRHA)
828 27th Ave.
Fairbanks, AK 99701
907-452-8315
907-456-8941 (fax)
800-478-4742 (throughout Alaska)
800-456-8941 (fax)
https://irha.org/

SOUTHEAST

Alaska Community Development Corporation (ACDC) NMLS# 358478
1517 S. Industrial Way, # 8
Palmer, AK 99645
907-746-5680
907-746-5681 (fax)
800-478-8080 (throughout Alaska)
800-478-1530 (fax)
http://www.alaskacdc.org/

Ketchikan Indian Community Housing Authority
429 Deermount
Ketchikan, AK 99901
907-228-9222
http://www.kictribe.org/housing

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)
Email: info@thrha.org
https://www.regionalhousingauthority.org/