Affordable Housing Enhanced Loan Program (AHELP) with nonprofit down payment assistance
Funding rounds · Grant or loan (varies by provider)Set by the nonprofit, housing authority or agency providing it (AHFC doesn’t publish amounts)
Alaska Housing Finance Corporation does not run a single statewide down payment assistance product. Instead, its AHELP loan option pairs an AHFC mortgage with assistance from local, state or federal agencies, nonprofits or regional housing authorities; AHFC's HOME Opportunity Program funds some of these through nonprofit intermediaries. Assistance may be a grant, deferred payments, a forgivable loan or a combination, and funds are subject to availability.
Who qualifies: Must meet the provider's guidelines and AHFC loan requirements. Owner-occupied single-family homes, condos, units in a common interest community, or Type I manufactured homes. Borrowers may not own other residential property in the same general area. Approved homebuyer education required.
Alaska Housing Finance Corporation · Agency website → · Not yet confirmed by us: check the agency’s site for current amounts and rules.