Every state has down payment or homeownership assistance programs; some states have both. The programs are designed to provide affordable housing opportunities to homebuyers who might not ordinarily be able to afford a house.
Each program can have their own income and eligibility requirements but primarily the programs are available for first-time homebuyers or low-income families.
Keep in mind if you had no ownership in a principal residence in the previous 3 years, you are also considered a first-time homebuyer even if you owned a home prior to that 3-year period.
The programs are not usually administered directly through the State. Instead, they are nonprofit based and handled through a third party agency. The list below will start you on your search but be sure to confirm the program is currently available.
(Source: HUD.gov)
Statewide Programs
Alaska Housing Finance Corporation (AHFC) – homebuyer programs, including downpayment and closing cost assistance
Habitat for Humanity – through volunteer labor, builds and rehabilitates houses for families in need
USDA Rural Development Office – homebuyer programs in rural communities
Community contacts – find out if your community offers homeownership assistance
Section 184 Indian Housing Loan Guarantee Program
Rural Community Action Program, Inc.
Municipality of Anchorage Department of Neighborhoods Affordable Homeownership Program
Juneau Economic Development Council’s Affordable Housing Trust Fund
Alaska Community Development Corporation
Programs by City/Town
NeighborWorks – Anchorage – 3700 Woodland Drive, No. 500, (907) 677-8490 –
Interest rate reduction program
NeighborWorks – Fairbanks – (907) 451-7230 – Down-payment assistance
Juneau Housing First – Organization – 119 Seward Street, #4, Juneau, AK 99801
(907) 463-1276
Tlingit-Haida Regional Housing Authority (THRHA) – Juneau, (907) 780-6868
Cook Inlet Housing Authority – 3510 Spenard Road, Suite 201, Anchorage, AK 99503
(907) 276-8822 – Anchorage Bowl Area: 1st-time Homebuyers, Alaska Native and Native American.
Regional Housing Authorities offering housing opportunities to Alaska Native/Native American families across the state:
Aleutian Housing Authority; Anchorage – Phone: (907) 563-2146
AVCP Regional Housing Authority; Bethel – Phone: (907) 543-3121
Baranof Island Housing Authority; Sitka – Phone: (907) 747-5088
Bering Straits Regional Housing Authority; Nome – Phone: (907) 443-5256
Bristol Bay Housing Authority; Dillingham – Phone: (907) 842-5956
Copper River Basin Regional Housing Authority; Copper Center -Phone: (907) 822-3633
Interior Regional Housing Authority; Fairbanks – Phone: (907) 452-8315
Kodiak Island Housing Authority; Kodiak – Phone: (907) 486-8111
Metlakatla Housing Authority; Metlakatla – Phone: (907) 886-6500
North Pacific Rim Housing Authority; Anchorage – Phone: (907) 562-1444
Northwest Inupiat Housing Authority; Kotzebue – Phone: (907) 442-3450
Tagiugmiullu Nunamiullu Housing Authority; Barrow – Phone: (907) 852-7150