Homeowner Assistance FAQs

• Eligible applicants were homeowners and applying for aid in their primary residence located in the State of Alaska.

• Eligible applicants had to satisfy minimum federal and state of Alaska requirements including:

  • Experienced a coronavirus-related financial hardship after Jan. 21, 2020.

  • Did not exceed the maximum household income as required by U.S. Treasury.

  • At least one person per household was directly or indirectly financially impacted by COVID-19.

  • Demonstrated risk of housing instability or homelessness.

Eligible applicants approved for financial assistance exceeding $20,000 were required to sign a Deed of Trust. Applicants who were required to sign a Deed of Trust were notified individually with details and instructions for next steps.

No. Emergency mortgage payments associated with Alaska Housing Homeowner Assistance are not considered taxable. Click here for IRS information.

No. AHFC will not report your information to credit bureaus as part of the application process. Applying for and/or receiving assistance does not impact a borrower’s credit score. However, borrowers need to remain current on all loan payments and/or payment arrangements, as servicing partners do report to credit bureaus.

If you continue to have financial challenges that make paying your mortgage difficult, we encourage you to speak to your Mortgage Servicer about your circumstances.

You can also get advice about how to make informed housing decisions by connecting with a HUD-certified housing counselor. For immediate help, please call or visit 2-1-1.