Association Loan Program
Administered by: Alaska Housing Finance Corporation
Quick Summary
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.
AI-generated summary • Updated 7/12/2026
Program Details
- Program ID
- 1499
- Last Updated
- 7/30/2025
Eligibility
Program Summary
With this loan, the Alaska Housing Finance Corporation (AHFC) will fund homeowners' associations (HOAs) common area improvements. The improvements made must be necessary for the health and safety of the property's residents or for the structural integrity of the building, but can include improvements made for energy efficiency. AHFC offers 15 year, fixed-interest rate term financing. The association may need to acquire a construction loan or short term financing for upfront costs, as the loan is not paid out until the upgrades are complete. The homeowners' association should submit a proposal to AHFC for preliminary approval. The forms to start this loan process are located on the program web site. Loan limits are determined on a case-by-case basis. This loan is only offered to active HOAs in Alaska.
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.