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Small Building Material Loan

Eligibility 
Residential
Multifamily Residential
Savings Category 
Other EE
Program Info
Sector Name 
State
Administrator 
Alaska Housing Finance Corporation
Website 
http://www.ahfc.us/buy/loan-programs/small-building-material-loan/
State 
Alaska
Program Type 
Loan Program
Rebate Amount 
The Alaska Housing Finance Corporation (AHFC) offers a Small Building Materials Loan for applicants to complete or renovate property located within a "small community", as defined in the AHFC glossary.

Applicants may borrow up to $100,000 for projects that improve the livability of a home, improve energy efficiency or expand space. The loan can be applied toward building materials, freight or third party labor costs, and the project should be completed within 180 days of the loan closing. If the owner does not occupy the property, then only duplexes, tri-plexes, and four-plexes are eligible for the loan program. Buildings with more than four units must be financed under the Multi-Family loan program

Interested applicants may find forms and instructions on the AFHC program website, or contact Alaska USA Federal Credit Union. The applicant must submit the completed application package to Alaska USA for processing.