Loans to Sponsors
How the Program Works:
Loans to Sponsors (LTSP) is a program under which AHFC, 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 AHFC 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.
- 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.
Potential borrowers may contact:
Lending Officer II, Mortgage Operations
907-338-6100 or 800-478-2432 (outside Anchorage, but within Alaska)
Alaska Housing Finance Corporation
4300 Boniface Pkwy.
P.O. Box 101020
Anchorage, AK 99510-1020