Association Loan Program

Alaska Housing will fund loans to homeowner associations for common-area capital improvements related to the health and safety of the residents or the structural integrity of the buildings. Examples include roof or siding replacement, window replacement, energy efficiency upgrades, or driveway improvements.

How the program works

Alaska Housing provides term financing to active homeowners associations for capital improvements to common areas. The homeowners association or its representative submits a proposal directly to Alaska Housing to obtain preliminary approval for common-area improvements. Some examples are roof or siding replacement, window replacement or driveway improvements. Alaska Housing offers up to 15-year terms and fixed interest rates.Repayment of the loan is typically made through a pro-rata increase in the monthly dues in order to avoid a special assessment.

Association loan program forms

  • HOA-7 - Preliminary Loan Request
  • HOA-55 - Verification of Election
  • HOA-56 - Certification of Approval
  • HOA-57 - Resolution of Corporate Board and Right to Procure Loans
  • HOA-58 - Proof of Authority to Incur Debt
  • HOA Checklist - Application Documentation and Forms Checklist
  • IRS Form W-9

Contact information

Email: MFloans@ahfc.us
907-338-6100
800-478-2432 (outside Anchorage, but within Alaska)

Alaska Housing Finance Corporation
4300 Boniface Parkway
P.O. Box 101020
Anchorage, AK 99510-1020