Association Loan Program

AHFC can finance common-area improvements for your active homeowners association—including energy efficiency upgrades—with a fixed-rate loan over up to 15 years. To apply, your HOA should submit a preliminary proposal using form HOA-7 directly to Alaska Housing Finance Corporation; loan amounts are determined case-by-case, though you may need separate short-term financing to cover upfront costs since disbursement occurs after completion.

You can market to Alaskan HOAs that AHFC provides financing for common-area capital improvements including roof, siding, window, and energy efficiency work—improving your pipeline for multi-family projects. The HOA (not the contractor) is the borrower; they submit a preliminary proposal to AHFC and must provide corporate board documentation proving their authority to procure loans.

This loan program serves active homeowners associations across Alaska, funding common-area improvements tied to health, safety, structural integrity, or energy efficiency via 15-year fixed-rate term loans with case-by-case limits. Applicants submit preliminary proposals on form HOA-7 and supporting documentation (board resolutions, verification of election, proof of authority to incur debt); the program is administered by Alaska Housing Finance Corporation and repayment typically flows through pro-rata increases in monthly HOA dues.