First Home Limited (TEP) Acquisition Cost Limits In Non-Targeted Areas

Non-Targeted Areas New or Existing Single Family Existing Duplex
Aleutians West Census $558,973 $715,561
Anchorage Municipality $510,939 $654,187
Denali Borough $510,939 $654,187
Fairbanks North Star Borough $510,939 $654,187
Hoonah-Angoon Census Area $537,747 $688,386
Juneau City & Borough $567,229 $726,174
Kenai Peninsula Borough $510,939 $654,187
Ketchikan Gateway Borough $510,939 $654,187
Kodiak Island Borough $530,671 $679,362
Matanuska-Susitna Borough $510,939 $654,187
Nome Census Area $510,939 $654,187
North Slope Borough $510,939 $654,187
Petersburg Census Area $510,939 $654,187
Sitka City & Borough $601,427 $769,909
Skagway Municipality $537,747 $688,386
Wrangell City & Borough $510,939 $654,187
Yakutat City & Borough $510,939 $654,187
All Other Areas $510,939 $654,187

Effective 05/07/2024

* High-Cost Housing Area – An upward income adjustment for areas where housing costs exceed income by a ratio greater than the national level.