Home Opportunity Program (HOP)
OpenAlaska Housing Finance CorporationAKFirst-Time Homeowner
Updated: Nov 29, 2025
Summary
AHFC’s Home Opportunity Program (HOP) channels HUD HOME funds through nonprofit intermediaries to provide down payment, closing cost and mortgage buydown assistance for low-income Alaskans buying their primary residence. The program targets households under 80% of area median income and is designed to bridge the affordability gap in Alaska’s higher-cost markets.
Benefits
Who Can Apply
Eligible Locations
Major urban areas of Alaska served by participating nonprofit intermediary agencies such as Alaska Community Development Corporation and others listed on the AHFC HOP page.
Eligibility
Low-income homebuyers (generally ≤80% of area median income) who do not already own a home, will occupy the property as their primary residence, meet HUD and AHFC eligibility rules, and work with a participating lender and nonprofit intermediary in their region.
Full Description
Verification & Details
Recommended Resource
First-Time Homebuyer Starter Pack (2025 Edition)
A complete first-time homebuyer toolkit: 9 checklists, timelines, grant guidance, worksheets + editable Excel/Google Sheet budget & affordability calculator.
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