Loans to Sponsors

How the program works

Loans to Sponsors (LTSP) is a program under which Alaska Housing, subject to the availability of funds, makes low interest loans to non-profit corporations, regional housing authorities, or government entities (the Sponsor) to make home ownership more accessible to lower to moderate-income borrowers.

Sponsors apply directly to Alaska Housing for funds to use with their affordable housing programs and in turn make loans to lower to moderate-income borrowers as established annually by HUD, and adjusted for family size. The sponsor's funds may be used to purchase a home or make home improvements, or for down payment or closing cost assistance. The maximum loan to any one sponsor is $1,500,000 per fiscal year.

Additional considerations

Borrower properties may include single-family residences, duplexes, triplexes, or fourplexes.
The sponsor may loan funds to borrowers with income at or below 120 percent of the median income.
Flexible loan guidelines meet the various needs of the sponsor's loan programs.

Contact information

Email: MFloans@ahfc.us
907-338-6100 or 800-478-2432 (outside Anchorage, but within Alaska)
Fax: 907-338-9716
Alaska Housing Finance Corporation
4300 Boniface Pkwy.
P.O. Box 101020
Anchorage, AK 99510-1020