Rent Assistance

AHFC’s mission is to provide Alaskans access to safe, quality, affordable housing.  Since 1986, this mission has expanded from providing affordable loans to public housing programs, energy efficiency and weatherization programs, senior housing programs, and professional development opportunities. AHFC IS A SELF-SUPPORTING PUBLIC CORPORATION WITH OFFICES IN 16 COMMUNITIES STATEWIDE. AHFC has contributed more than $1.9 billion to the state in the form of direct dividends going into the General Fund (the state's funding source for all services and programs), providing funds to the state for capital (building and equipment) improvements; bonding for projects such as university student housing; purchasing state assets, such as the Robert B. Atwood Building; and deferred maintenance of state-owned property. Rental Programs:   SENIOR AND ACCESSIBLE HOUSING -  AHFC provides rental housing to both low-income Alaskans over the age of 62 years and Alaskans with disabilities. Some locations offer an on-site service coordinator that enables residents to remain independent in their homes as long as possible. SINGLE, HOMELESS INDIVIDUALS IN ANCHORAGE -  In partnership with Anchorage NeighborWorks, the Adelaide building serves single, homeless individuals. For more information, call 907-258-9017 or visit http://www.nwalaska.org/rental-properties/adelaide-apartments FAMILIES DISPLACED BY DOMESTIC VIOLENCE OR SEXUAL ASSAULT -  The Empowering Choice Housing Program (ECHP) is a referral-based, transitional rental assistance program designed to meet the housing needs of families displaced due to domestic violence and sexual assault. LOW-INCOME ALASKANS RENTING FROM PRIVATE INDIVIDUALS -  The Housing Choice Voucher Program helps eligible low-income Alaskans lease privately owned rental units from participating landlords. This program is available in 12 Alaska communities. LOW-INCOME ALASKANS SEEKING PUBLIC HOUSING -  AHFC offers safe, quality and affordable public housing in 13 communities across Alaska. The properties typically have an on-site management and maintenance staff that is responsive to residents’ needs. LOW-INCOME ALASKANS ON PAROLE OR PROBATION & YOUTH AGING OUT OF FOSTER CARE -  The Tenant-based Rental Assistance Program is a referral-based, transitional, rental assistance program for eligible low-income families. Families must be referred from the State of Alaska Department of Corrections or the State of Alaska Department of Health and Human Services Office of Children’s Services. HOMELESS VETERANS AND THEIR FAMILIES -  The Veterans Affairs Supportive Housing (VASH) Program is a referral-based housing assistance program designed to meet the housing needs of homeless veterans and their families. ALASKANS ELIGIBLE FOR COMMUNITY-BASED LONG-TERM ASSISTANCE -  The Moving Home Program (MHP) is a referral-based, rental assistance program designed to help individuals or families transition into housing from homelessness or institutional settings. Buying a Home:   GATHER PERSONAL INFORMATION -  Prior to your appointment, the lender you select will ask you to gather personal information. The list may include: * Current pay stubs for 30 days * Three years’ tax returns with W2s * Checking/savings account statements * List of credit cards and installment debt * Other documents as applicable (bankruptcy, divorce, etc.) PRE-QUALIFY FOR A MORTGAGE -  At the prequalification appointment, the lender will review information about your income and debts and assist you with completion of a mortgage application. They will also discuss loan programs and types of financing and help you select the loan that best suits your needs. The lender also estimates your maximum mortgage amount and provides important disclosures required by law. Ask the lender about AHFC’s loan options for first-time home buyers, low-income borrowers, energy efficiency and qualified State Veterans. You may qualify for one or more. SHOP FOR A HOME -  A real estate licensee can assist you in finding the right home, negotiating the sales price and scheduling a home inspection. THE LOAN PROCESS IN BRIEF -  Loan processing begins after you sign a purchase agreement or sales contract with the seller. The lender verifies your income and payment histories, reviews your credit report and orders an appraisal of the property. The lender’s loan underwriter reviews all the information and determines loan approval. Following loan approval, the lender schedules loan closing where the final loan documents are signed. The next business day, documents are recorded, transferring ownership from the seller to you.