AHFC Tax-Exempt First-Time Homebuyer Program – Alaska Housing Finance Assistance Program

The AHFC Tax-Exempt First-Time Homebuyer Program provides vital home financing resources and incentives to increase housing affordability across Alaska. Programs range from low-interest loans and mortgage credit certificates to assistance with energy efficiency upgrades and closing costs.

Offered through the Alaska Housing Finance Corporation (AHFC) and partner agencies, these options support diverse housing needs including rural homeownership, first-time buyers, and veterans.

These initiatives support sustainable development, energy conservation, and long-term financial security for Alaskan families.

These housing programs aim to address Alaska's unique housing challenges by offering tailored financial products and subsidies. They target underserved communities, promote energy-efficient development, support rural homeownership, and expand housing access for veterans, low-income families, and first-time homebuyers.

• Must be a resident or homebuyer in Alaska

• Income limits and property value caps may apply

• Certain programs require first-time homebuyer status

• Property must be owner-occupied and meet state guidelines

• Applicants must meet credit and program-specific requirements

• Must comply with AHFC or affiliated program rules

• Pre-approval from a participating lender may be required

• Must complete required housing education or counseling, if applicable

• Property location must meet geographic and zoning requirements

• Additional underwriting or documentation may be requested depending on the specific program

• Reduced interest rates or subsidized financing

• Tax credits and down payment assistance

• Special programs for rural, veteran, and energy-efficient housing

• Support for closing costs or mortgage insurance premiums

• Designed to promote long-term affordability and community growth

• May include grants, second mortgages, or deferred payments based on the program

• Increases purchasing power and housing stability for low- to moderate-income Alaskans

• Encourages energy efficiency, long-term affordability, and community reinvestment

1. Review program eligibility criteria on AHFC or partner websites

2. Contact a participating lender for application pre-approval

3. Submit required documentation including income and property details

4. Complete homebuyer education if required

5. Finalize loan or assistance approval and proceed to closing

6. Receive final approval and funding based on eligibility confirmation

7. Submit final loan or assistance documents for disbursement

8. Begin post-closing support or follow-up programs if included