Operating Expense Assistance Program (OEA)

The OEA program provides direct operating expense funding to nonprofit organizations that have been certified by AHFC as a Community Housing Development Organization (CHDO) as defined under the HOME Investment Partnerships Program. The assistance is provided directly to the qualified nonprofit organization.

Grant Funding Availability

Alaska Housing Finance Corporation (AHFC) is pleased to announce the SFY 2023 Notice of Funding Availability (NOFA) for the Operating Expense Assistance (OEA). This program is for organizations who meet the Department of Housing and Urban Development (HUD), HOME Investment Partnerships Program criteria as Community Housing Development Organizations (CHDOs) or who are interested in becoming CHDOs as defined by HUD 24 CFR Part 92.

Application for OEA funding is a two (2) step process. Applicants must (1) register for the online application system by submitting the information requested in the NOFA, and (2) submit an Application using the online application system. Applicants will NOT be eligible to apply for OEA funding unless they have submitted a Notice of Intent to Apply form by the deadline.

Step (1): To submit Applications through the online system, AHFC must first receive the information requested on page 4 of the NOFA by 4:30 p.m. (Alaska time) on January 27, 2023. This information is to be emailed to Andy Petroni.
 
Step (2): Completed Applications must be submitted through the online application system by March 3, 2023 at 4:30 p.m. Alaska time.

Who May Apply

• 501 (c)(3) Nonprofits only

Downloads

• SFY2024 Operating Expense Assistance NOFA Instructions
• CHDO Certification Instructions

Contact Information

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