Homeownership Development Program (HDP)

The purpose of the Homeownership Development Program (HDP) is to provide decent housing with improved affordability. HDP funding may be used for real property acquisition and site improvements for new construction of permanent, single-family housing.

Eligible applicants include only participants in the USDA's 523 self-help homeownership program, Community Land Trusts, and Habitat for Humanity organizations; HDP funds can only be used for eligible projects outside of the Municipality of Anchorage.

Grant Funding Availability

For SFY 2018, AHFC has allocated $500,000.00 of HUD HOME Investment Partnerships Program funding for the Homeownership Development Program (HDP). There is a potential that additional HDP funds may become available; in that instance, AHFC may increase the amount of HDP funds made available through this NOFA. Please refer to the NOFA Application Instructions (found below) for more information on eligibility, requirements, and funding limits.

Application Forms

NOFA Attachments

  1. AHFC Standard Provisions
  2. Reporting and General Provisions
  3. Financial Provisions
  4. Homeownership Program Development Workbook
  5. Homeownership Development Program Application Form
  6. Applicant Certifications
  7. Homeownership Development Program Policy and Procedure Manual
  8. Sample Forms: “Evidence of Other Sources of Funds” & “Resolution from Applicant(s) Governing Body” 
  9. Universal Design Tiers
  10. AHFC Grant Management requirements (15 AAC 154.700-254.835)
  11. Chapter 36.25. Contractor’s Bonds
  12. Homeownership Development Program Loan Processing Guide
  13. URA Acquisition compliance checklist
  14. Diverse Use
  15. Household Income Limits
  16. Purchase Price Limits

 

Anticipated Program Schedule

Registration Deadline

4:30 P.M. on December 22, 2017

Application Deadline

4:30 P.M. on February 16, 2018

Estimated Date of AHFC Issuance of the Notice of Intent to Award

March 1, 2018

Applicant Submission of Environmental Review Record (ERR) to AHFC

Sixty (60) days from the date the issuance of the HDP Notice of Intent to Award

Estimated Grant Execution Date

April 2018, dependent on Completion of the Environmental Review Process

Estimated Grant Performance Period

Date of award through October 31, 2019

Project Completion – Grant Close Out

December 2019

Who May Apply

  • AHFC Community Housing Development Organizations (CHDOs)
  • Participants in the USDA's 523 self-help program
  • Community Land Trusts
  • Habitat for Humanity organizations

For further information, please contact the intermediary organization that administers the grant for your geographic area.

Mat-Su Borough
Alaska Community Development Corporation
907-746-5680
800-478-8080 (outside Anchorage)

Kenai Peninsula
RurAL CAP
907-279-2511

Contact Information

Dale Olney
Planner, Planning and Program Development
Alaska Housing Finance Corporation
P.O. Box 101020
Anchorage, AK 99510-1020
907-330-8235

Reference

U.S. Department of Housing and Urban Development