Home Repair Grants in Alaska
Struggling to make the necessary improvements to your home? Well, you don’t have to struggle any longer to keep your home safe and healthy for your loved ones. You can always receive the support you need through the available programs and state corporations to repair your home. Keep reading.
Home Improvement Loan
This program is run by NeighborWorks Alaska to help homeowners repair and renovate their homes. the program provides loan options that you can choose from, depending on your needs. One is purchase renovation, which includes renovation in conjunction with a purchase. Second for Renovation refers to improvements you make to your home, including repairs and replacements. The third option you have is refinanced renovation. Now, this one incorporates renovation into a new loan. Visit https://www.nwalaska.org/home-improvement-loan for more information.
Mobile Home Repair Program
The RurAL CAP’S Mobile Home Repair Program assists families of low-income level who resides in their mobile homes, and need support with minor repairs. If you are living in a condition that threatens the health and safety of your family, then this program is for you. the program provides help in the replacement of the heating system and water heated tank, roofing, and another minor repair at your home. The program allows families to save hundreds of dollars by offering to assist with repairs and improving their living conditions. For more details, please visit https://ruralcap.org/client-services/housing/mobile-home-repair/.
Bureau of Indian Affairs (BIA)Housing Improvement Program (HIP)
The purpose of this program is to help eligible American Indian/Alaska Natives renovate their homes and construct new buildings. It is administered by BIA and recognized federally to support Indian tribes for Indians living in America and Alaska Natives who have no access to resources to achieve standard housing. to qualify for the program support, you must belong to the American Indian Tribe recognized by the U.S. federal government or be an Alaska Native. You must be residing in the approved tribal service area. Your income must not exceed 150% 0f the poverty guidelines, as determined by the U.S. Department of Health and Human Services (DHHS) The program assists in four categories, including;
- $7,500 to facilitate repairs to improve the safety and sanitation at homes.
- $60,000 for renovating houses and bring them to the standard housing condition.
- A modest house, and it is only given once to the qualifying applicants.
- Up to $75,000 for purchasing a modest house.
Want to apply for the program support? Well, be sure to submit the following documents:
Complete HIP application form. Ensure you provide all the details required in the form.
- Tribal ID.
- Proof of current income for the whole household.
- Proof of land lease.
- If you are disabled, ensure you submit proof of disability in the HIP application.
Application for this program has no deadline. It is, however, important to submit your application at your tribal office sooner. The veterans, single moms, disabled, and the elderly homeowners can apply for this program. Please note that applications for this program are not submitted through the regional BIA Alaska Office. Contact or visit your tribal office for any queries concerning the program. Find out more at https://www.bia.gov/regional-offices/alaska/housing-improvement.
Baranof Island Housing Authority (BIHA)
BIHA is committed to addressing the housing needs of the Sitka Tribe of Alaska residents and other Baranof Island communities. Through collaborations with other agencies and organizations, BIHA provides housing opportunities, including support in the renovation of buildings, repairs, and tribal home improvements. If you meet the requirements, you can apply for home repair support. Visit BIHA’s website for more information.
Renovation Loans
This program provides up to $318,075 loans to help eligible Alaska residents make improvements to their homes. You must provide proof that you own the home. The program support is only available for anchorage homes. Since anchorage homes were built in the 1970s and 1980s, the loan program mostly helps the aging population, to improve their housing market and increase energy efficiency in their homes. Read more at https://www.ahfc.us/buy/renovation-loan-programs/.
Second Mortgage Program
The Second Mortgage Program is designed to enable home buyers in Alaska to obtain a second mortgage. The second mortgage should help them fund home repairs. Learn more at https://www.ahfc.us/buy/loan-programs/second-mortgage-programs/.
Second Mortgage Program for Energy Conservation
The purpose of this program is to provide financing to Alaska homeowners to enable them to make improvements to their homes. The goal is to enhance energy efficiency in their homes. You can receive up to $30,000 funding through this program. You have up to 15 years to repay this loan. For more details, please visit https://www.ahfc.us/buy/loan-programs/second-mortgage-programs/.
Refinance for Non-AHFC Loans
The program allows Alaska borrowers not financed by Alaska Housing and Finance Corporation (AHFC) to have access to home repair support to improve their housing conditions. The maximum loan you can get is limited to the current unpaid principal. Depending on your insurance service provider or loan guarantor, the cost of innovations may be included in your plan. Read more at https://www.ahfc.us/buy/loan-programs/refinance/.