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 2017, AHFC has allocated $300,000.00 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. 

Registration is currently closed. 

AHFC anticipates opening the registration process for the SFY2018 iteration in the fall of 2017 (dependent on funding).  For interested parties, please sign up for the AHFC mailings to keep up to date on the program, contact the program manager for direct updates, or check back in the fall for the SFY2018 iteration registration announcement.

Please review program eligibility, requirements, and program specific information in the HDP Program Policies and Procedures manual found below.

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

Reference Materials

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