Alaska Community Development Corporation
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Alaska Community Development CorporationAKFirst-Time HomeownerForgivable loan
Updated: Dec 1, 2025
Alaska Community Development Corporation’s Home Opportunity Program (HOP) delivers substantial down payment, closing cost and mortgage buydown assistance to low-income homebuyers across most of Alaska, with loans structured as zero-interest and partially forgivable to make ownership truly affordable.
Eligible for: Low-income households (≤80% of HUD area median income) in eligible Alaska communities who do not own another home, will occupy the property …
Funding: Provides a combination of grant and zero-interest loan assistance: first $10,000 conditionally forgivable over a five-year occupancy period, plus potential down payment assistance up to 2% of purchase price or $3,800, up to $3,000 in closing costs, and first mortgage buydown assistance not to exceed $30,000 per household.Until funds exhaustedMulti-county/RegionIndividualDown payment assistanceClosing costsMortgage buydown